We analyze the data of the Italian and U.S. futures on the stock markets and we test the validity of the Continuous Time Random Walk assumption for the survival probability of the returns time series via a renewal aging experiment. We also study the survival probability of returns sign and apply a coarse graining procedure to reveal the renewal aspects of the process underlying its dynamics.

Entrepreneurship in the world, especially in Western developed countries, the much interest in recent years the concept of entrepreneurial ecosystems and integrating the separation of infrastructure services needed by entrepreneurs and governments innovative citizens, industrialists and entrepreneurs to create. a person apart from the idea of an entrepreneur, long way to run and deliver it to t...

Information technology (IT) services contracts often contain provisions for benchmarking fixed prices to current market prices. Prices of IT services tend to be opaque, but can be revealed through third-party benchmarks. Little research has been conducted on the value and timing of such benchmarks. We draw upon the theory of mortgage refinance and value-at-risk analysis from financial economics...

What are the dominant stocks which drive the correlations present among stocks traded in a stock market? Can a correlation analysis provide an answer to this question? In the past, correlation based networks have been proposed as a tool to uncover the underlying backbone of the market. Correlation based networks represent the stocks and their relationships, which are then investigated using dif...

The presence of stock market efficiency is a distinctive characteristic of the effectively functioning market economy. Investigation of the market efficiency of seven emerging East-European stock exchanges is carried out as their major stock indices (BELEX15, BET, CROBEX, ISE100, PFTS, RTSI, SOFIX) are studied in respect of long-range dependence (LRD), persistency, and forecasting possibili...

• Capital markets have undergone massive changes in the past decade; in Western Europe but of course more fundamentally in the Central and Eastern European Countries (CEEC). • The euro has fostered the transformation of financial systems toward a more market based approach. Its impact in Eastern Europe will be even stronger. • To ensure the success of EMU an active and open-market stance is req...

If its prospects were doubted in the early 1990s, London is now the preeminent international financial centre. It dominates its European rivals, and is joined with New York in a non-stop reciprocal global embrace. Whereas some analysts approach this topic concentrating on the nature and quality of market relationships in London and between London and the rest of the world, others emphasise the ...

InterMedia has launched its Haiti Mobile Money Tracker (HMMT) Project with the mission of providing robust research and analysis into the emerging mobile money (m-money) services market. There is only a limited amount of consumer information publicly available to development practitioners to understand how Haitians are using these relatively new services as well as their access to financial ser...

Many emerging market economy (EME) financial crises in the 1990s quickly spread to other countries. By contrast, immediate spillovers from the Argentina crisis in 2001/2002 appear to have been much more limited. Why do some crises spillover and others do not? In this paper we stress the joint importance of intra-EME linkages, related country-specific vulnerabilities and investor behaviour. This...