Beyond greed, fear and the iron curtain
We examine 13 of the new markets of Eastern Europe from the time of their inception to the end of 2001. In six of those markets – Hungary, Poland, the Czech Republic, Slovenia, Russia and Estonia – we find behaviour consistent with investors following ‘quasi-rational’ strategies in the years followi...
| Main Authors: | , |
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| Format: | Journal Article |
| Published: |
Routledge Taylor & Francis Group
2008
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| Online Access: | http://web.ebscohost.com/ehost/pdfviewer/pdfviewer?sid=478cb50d-e830-4cc9-8996-b35af478311a%40sessionmgr104&vid=2&hid=123 http://hdl.handle.net/20.500.11937/20632 |
| _version_ | 1848750361587744768 |
|---|---|
| author | Durand, Robert Simon, M. |
| author_facet | Durand, Robert Simon, M. |
| author_sort | Durand, Robert |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | We examine 13 of the new markets of Eastern Europe from the time of their inception to the end of 2001. In six of those markets – Hungary, Poland, the Czech Republic, Slovenia, Russia and Estonia – we find behaviour consistent with investors following ‘quasi-rational’ strategies in the years following market inception. The results are robust to the suggestion that they are driven by market microstructure. The heuristically driven price behaviour diminishes as these markets mature and is replaced by an increasing association with market movements in major financial centres. We suggest that we have captured the way investors in new markets learn to invest. |
| first_indexed | 2025-11-14T07:35:37Z |
| format | Journal Article |
| id | curtin-20.500.11937-20632 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-14T07:35:37Z |
| publishDate | 2008 |
| publisher | Routledge Taylor & Francis Group |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-206322017-02-28T01:52:35Z Beyond greed, fear and the iron curtain Durand, Robert Simon, M. We examine 13 of the new markets of Eastern Europe from the time of their inception to the end of 2001. In six of those markets – Hungary, Poland, the Czech Republic, Slovenia, Russia and Estonia – we find behaviour consistent with investors following ‘quasi-rational’ strategies in the years following market inception. The results are robust to the suggestion that they are driven by market microstructure. The heuristically driven price behaviour diminishes as these markets mature and is replaced by an increasing association with market movements in major financial centres. We suggest that we have captured the way investors in new markets learn to invest. 2008 Journal Article http://hdl.handle.net/20.500.11937/20632 http://web.ebscohost.com/ehost/pdfviewer/pdfviewer?sid=478cb50d-e830-4cc9-8996-b35af478311a%40sessionmgr104&vid=2&hid=123 Routledge Taylor & Francis Group restricted |
| spellingShingle | Durand, Robert Simon, M. Beyond greed, fear and the iron curtain |
| title | Beyond greed, fear and the iron curtain |
| title_full | Beyond greed, fear and the iron curtain |
| title_fullStr | Beyond greed, fear and the iron curtain |
| title_full_unstemmed | Beyond greed, fear and the iron curtain |
| title_short | Beyond greed, fear and the iron curtain |
| title_sort | beyond greed, fear and the iron curtain |
| url | http://web.ebscohost.com/ehost/pdfviewer/pdfviewer?sid=478cb50d-e830-4cc9-8996-b35af478311a%40sessionmgr104&vid=2&hid=123 http://hdl.handle.net/20.500.11937/20632 |