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The Impact Of The Convergence Of The Greek Economy To Emi In The Stockmarket: Bayes, Nested Estimation Of The Stock Trends

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  • Costas Kyritsis

    (TEI - Technological Educational Institute of Epirus)

Abstract

In this short paper we discuss the impact of the convergence of the Greek Economy to the European Monetary Integration on the Athens Stock-market. We analyze how magnitudes of macroeconomics influence the decisions of the investors. We propose a quantitative model of demand and supply in the Stock-market inspired from Voltera's work in Ecology and the equations of populations in competition. We also propose a new statistical method in estimation based on Bayes estimators and the idea of Mandelbrot on self-similar fractals. We test the method at the impact on price changes, immediately after the devaluation during March of 1998.

Suggested Citation

  • Costas Kyritsis, 1999. "The Impact Of The Convergence Of The Greek Economy To Emi In The Stockmarket: Bayes, Nested Estimation Of The Stock Trends," Post-Print hal-01552352, HAL.
    • Handle: RePEc:hal:journl:hal-01552352
    Note: View the original document on HAL open archive server: https://hal.science/hal-01552352
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    References listed on IDEAS

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    1. M. H. A. Davis & A. R. Norman, 1990. "Portfolio Selection with Transaction Costs," Mathematics of Operations Research, INFORMS, vol. 15(4), pages 676-713, November.
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