Viability Of the Irish Equity market
AbstractThis paper assesses the viability of the Irish Stock Exchange. Overall the prognosis is positive with a few notable exceptions. On the downside some trading characteristics including thin trading and an uncompetitive market structure are identified. However on the upside there are a number of reasons to be confident for the future of Irish equity investments. Importantly, the risk and return performance compares favourably with other major equity markets since 1990. This relatively strong performance continues in the new millennium even for the more volatile climate facing investors. The analysis suggests that the ISEQ offers opportunities for international diversification and the use of exploitable trading rules.
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Bibliographic InfoPaper provided by University College Dublin in its series Open Access publications from University College Dublin with number urn:hdl:10197/1654.
Date of creation: 2004
Date of revision:
Publication status: Published in Irish Banking Review (2004) v., p.42-54
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Web page: http://www.ucd.ie
Stock exchanges--Ireland; Irish Stock Exchange;
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- Engle, Robert F. & Kroner, Kenneth F., 1995. "Multivariate Simultaneous Generalized ARCH," Econometric Theory, Cambridge University Press, vol. 11(01), pages 122-150, February.
- François Longin, 2001. "Extreme Correlation of International Equity Markets," Journal of Finance, American Finance Association, vol. 56(2), pages 649-676, 04.
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