Publication at Faculty of Social Sciences, Faculty of Mathematics and Physics, Centre for Economic Research and Graduate Education |
2013
Abstract
This chapter provides an analysis of the effects of news and market shocks on price formation on emerging European Union (EU) stock markets. These markets are small relative to the mature markets in the EU and are under the substantial influence of both EU and U.S. markets.
The findings show that foreign news originating in developed markets dominates any effect of local news or external shocks.