Essays about: "Michael Spies"

Found 1 essay containing the words Michael Spies.

  1. 1. Explaining the coherency of national stock indices with macroeconomic variables: Time-series correlation and Cross-sectional correlation approaches

    University essay from Lunds universitet/Nationalekonomiska institutionen

    Author : Michael Spies; [2010]
    Keywords : time-series correlation; cross-sectional correlation; downside risk; DAX; Business and Economics;

    Abstract : The phenomenon of increasing correlation between asset returns in economic downturns will be investigated with two different approaches and tried to be explained by different macroeconomic variables. The first approach, namely the classic method of measuring correlation with time series is contrasted with an extended method of cross-sectional correlation measurement proposed by Solnik (2000). READ MORE