As one authority notes, "They represent an independent federation of seven emirates comprising (broadly from southwest to northeast) Abu Dhabi, Dubai, Sharjah, Ajman, Umm AlQuwain, Rus Al-Khaimah and Fujeirah. They comprise an area of 32,000 square miles in the eastern Arabian peninsula between Saudi Arabia and Oman" (Garner et al
is a nation that has come from a desert life of sheep and camels to a highly developed modern nation in only three decades. It has moved from camel caravans to modern freeways and a highly sophisticated infrastructure at a breath-taking pace" (Kerpelman et al
exports of textile, sewing machines 24th of 183] Source: United Arab Emirates, NationMaster, 2007. Notwithstanding the above, the political system in the UAE remains plagued by some actual and potential problems, including the following: The economy is extraordinarily dependent on foreigners, who make up at least 80% of the resident population, the highest percentage of any country in the world; The foreign population is highly heterogeneous; The political system is traditional and authoritarian, governed by an oligarchy of the seven ruling tribal sheikhs; Natural resources are unevenly distributed among its seven constituent emirates; Between the two wealthiest emirates, Abu Dhabi and Dubai, there are significant differences in life-style and in attitudes toward economic and social issues; The government has engaged in a public and vitriolic dispute with Iran, a vastly larger and much more powerful neighbor sitting just fifty miles away across the Persian Gulf (Rugh, 1997)
According to this author, "The dependence of most tests of market efficiency on a model of risk and expected return is Fama's (1970) deepest insight, which has pervaded the debates in empirical finance ever since. Whenever researchers have found a money-making opportunity resulting from trading on stale information, critics have been quick to suggest a model of risk -- convincing or otherwise -- that would reduce these profits to a fair compensation for risk-taking" (Shleifer, 2000, p
In his study, "Not Just an Oil Economy," Williams (2006) reports that the Central Bank of the UAE, established in 1980, currently has the responsibilities of issuing the emirates' currency, the UAE dirham (UAD) and maintaining its stability internally and externally as well as ensuring its free convertibility into foreign currencies; in addition, the Central Bank is responsible for directing credit policies to help achieve a balanced growth of the national economy while supervising the banking system. Beyond these weighty responsibilities, the Central Bank is also tasked with the following: Functioning as the bank of the government within the limits prescribed in the law; Advising the government on financial and monetary issues; Maintaining the government's gold reserves and foreign currencies; Serving as the UAE's financial agent at the International Monetary Fund, the International Bank for Reconstruction and Development (World Bank) and other international and regional financial institutions (Williams, 2006)
The five-year period had seen the Dow Industrial Average rise from 776 points in August 1982 to a high of 2,722 points in August 1987. (Itskevich, Jennifer, 2002) Ronald Reagan, who was elected as the U
Conversely, some economists have also held program trading responsible for the speculative boom leading up to the peaking of stock values in August 1987. (Koning, Paul 2003 -- "The 1987 Stock
In the absence of such hedging the effect of the crash and the resultant liquidity crunch would have been far greater. (Markose, Sheri, n
The effect of the downturn was somewhat limited and was confined to specific areas such as New England and Texas as these regions were linked most closely to the Savings & Loans and Insurance industries. (Pascual, Marsha, 1998) C
As evidence, they quoted the fact that portfolio insurance alone accounted for 12% of the selling in stock and index futures markets on October 19, 1987. (Rubinstein, 1998)
Between 1929 and 1932 the total value of global trade had declined by more than half. When it was time to elect a new president in 1932, Americans were ready for change and eager to embrace a new leader who could help them (Bryant, 1998)
S. business owners to maintain wages, passed a public works bill to curb government spending, and lent taxpayers' money directly to private corporations (Kennedy, 1999)
These factors are what caused a selloff in the price of the stock based upon a host of unanswered questions. (Hernandez, 2010) Clearly, the volatility that was occurring in price Apple is from systematic and intrinsic factors
The stock had been as high as $48 some months earlier." (Kadlec 2003) can hardly imagine the excitement the investor who accomplished that feat felt upon having his trade confirmed and becoming a brand new owner of shares in White Sewing Machine for as little as $100
Nevertheless, for amateurs or fresh entrants in the investment dealing, the preference for a share dealing methodology is chiefly based on the imitation of that dealer who holds the prerequisite of share dealing. Hence to vigorously engross himself in the marketplace mechanism, a fresh entrant should advisably attain the expertise of a proficient dealer (Abolafia, 1996b)
Nevertheless, for amateurs or fresh entrants in the investment dealing, the preference for a share dealing methodology is chiefly based on the imitation of that dealer who holds the prerequisite of share dealing. Hence to vigorously engross himself in the marketplace mechanism, a fresh entrant should advisably attain the expertise of a proficient dealer (Abolafia, 1996b)
As soon as the earnest faced the recovery the prices came back to normal and it can be seen that before the beginning of correction the confidence was retrieved back till January 2004. However, there has been more than halfway drop down in index as it was dropped in 2003 (Balvers and Wu, 2006; Michael and Erica, 2004)
Stock dealer defined An explanation which is theoretically and abstractly ample is generally a very intricate occasion regarding this topic of such intensity. As the terminology "stock dealer" is concerned, the accentuation of this term is not just limited to specialized or educational level but also incorporates numerous taxation regulations (Black, 1993)
The outcomes obtained can be broadened to cover the whole marketplace from just pertaining to a single person, so a greater scope of dealing can inculcate the conception of noise dealing. All in all it can be witnessed that the behavioral finances can facilitate in comprehending the general mentality of the constituents in a stock marketplace (Brealey and Myers, 2003)
Nevertheless, the predicament is also associated to this stance; which means that amidst the occurrence of a superfluous quantity of substitutes for the comprehension of stock marketplace mechanism, a standard is absent. Therefore, the concentration is effortlessly shifted to the superfluous dealing methodologies contemporarily being executed in the stock marketplace by its constituents, which is dictated by the conception of profit maximization (Buenza and Stark, 2004)