Abstract
This paper examines the presence of "meteor showers" and "heat waves" effects in Greek financial markets. In particular, the relationship between the stock market price index volatility and the volatility of three exchange rates (U.S. dollar, deutsche mark, and ECU) recorded on a daily basis is investigated. The results provide evidence in favor of the "heat wave" hypothesis, while the "meteor shower" hypothesis was observed only with respect to the U.S. dollar.Citation
Apergis, N., Katrakilidis, C., and Papastamatis, S. (1997) ‘"Meteor showers" and "heat waves" in Greek financial markets’, International Advances in Economic Research, 3 (4), pp. 364-375. Doi: 10.1007/BF02295214Publisher
SpringerJournal
International Advances in Economic ResearchDOI
10.1007/BF02295214Type
ArticleLanguage
enISSN
1083-0898EISSN
1573-966Xae974a485f413a2113503eed53cd6c53
10.1007/BF02295214
Scopus Count
Collections
The following license files are associated with this item:
Except where otherwise noted, this item's license is described as http://creativecommons.org/licenses/by-nc-nd/4.0/