scholarly journals Covid‐19 outbreak and stocks return on the West African Economic and Monetary Union's stock market: An empirical analysis of the relationship through the event study approach

2021 ◽  
Author(s):  
Tibi Didier Zoungrana ◽  
Daouda Lawa tan Toé ◽  
Mamadou Toé
Keyword(s):  
Stock Market ◽  
Empirical Analysis ◽  
Event Study ◽  
West African ◽  
The West ◽  
Study Approach ◽  
The Relationship

scholarly journals Trains of African Easterly Waves and Their Relationship to Tropical Cyclone Genesis in the Eastern Atlantic

2017 ◽  
Vol 145 (2) ◽  
pp. 599-616 ◽  
Author(s):  
Abdou L. Dieng ◽  
Saidou M. Sall ◽  
Laurence Eymard ◽  
Marion Leduc-Leballeur ◽  
Alban Lazar
Keyword(s):  
West African ◽  
Dynamical Structure ◽  
African Easterly Waves ◽  
The South ◽  
The West ◽  
Easterly Waves ◽  
West African Coast ◽  
African Coast ◽  
Tropical Depressions ◽  
The Relationship

In this study, the relationship between trains of African easterly waves (AEWs) and downstream tropical cyclogenesis is studied. Based on 19 summer seasons (July–September from 1990 to 2008) of ERA-Interim reanalysis fields and brightness temperature from the Cloud User Archive, the signature of AEW troughs and embedded convection are tracked from the West African coast to the central Atlantic. The tracked systems are separated into four groups: (i) systems originating from the north zone of the midtropospheric African easterly jet (AEJ), (ii) those coming from the south part of AEJ, (iii) systems that are associated with a downstream trough located around 2000 km westward (termed DUO systems), and (iv) those that are not associated with such a close downstream trough (termed SOLO systems). By monitoring the embedded 700-hPa-filtered relative vorticity and 850-hPa wind convergence anomaly associated with these families along their trajectories, it is shown that the DUO generally have stronger dynamical structure and statistically have a longer lifetime than the SOLO ones. It is suggested that the differences between them may be due to the presence of the previous intense downstream trough in DUO cases, enhancing the low-level convergence behind them. Moreover, a study of the relationship between system trajectories and tropical depressions occurring between the West African coast and 40°W showed that 90% of tropical depressions are identifiable from the West African coast in tracked systems, mostly in the DUO cases originating from the south zone of the AEJ.

scholarly journals Profiting on the Stock Market in Pandemic Times: Study of COVID-19 Effects on CESEE Stock Markets

Mathematics ◽  
2021 ◽  
Vol 9 (17) ◽  
pp. 2077
Author(s):  
Tihana Škrinjarić
Keyword(s):  
Stock Market ◽  
Event Study ◽  
Stock Markets ◽  
Trading Strategies ◽  
Eastern European ◽  
Negative Effects ◽  
Market Reactions ◽  
Study Approach ◽  
Study Methodology ◽  
Stock Market Reactions

This research deals with stock market reactions of Central Eastern and South Eastern European (CESEE) markets to the COVID-19 pandemic, via the event study methodology approach. Since the stock markets react quickly to certain announcements, the used methodology is appropriate to evaluate how the aforementioned markets reacted to certain events. The purpose of this research was to evaluate possibilities of obtaining profits on the stock markets during great turbulences, when a majority of the participants panic. More specifically, the contrarian trading strategies are observed if they can obtain gains, although a majority of the markets suffer great losses during pandemic shocks. The contributions to the existing literature of this research are as follows. Firstly, empirical research on CESEE stock markets regarding other relevant topics is still scarce and should be explored more. Secondly, the event study approach of COVID-19 effects utilized in this study has (to the knowledge of the author) not yet been explored on the aforementioned markets. Thirdly, based on the results of CESEE market reactions to specific announcements regarding COVID-19, a simulation of simple trading strategies will be made in order to estimate whether some investors could have profited in certain periods. The results of the study indicate promising results in terms of exploiting other investors’ panicking during the greatest decline of stock market indices. Namely, the initial results, as expected, indicate strong negative effects of specific COVID-19 announcements on the selected stock markets. Secondly, the obtained information was shown to be useful for contrarian strategy in order to exploit great dips in the stock market indices values.

Conclusion: Legacies

2018 ◽  
pp. 238-242
Author(s):  
Deirdre Coleman
Keyword(s):  
Sierra Leone ◽  
West Indies ◽  
Mixed Race ◽  
West African ◽  
Small Step ◽  
Commercial Agriculture ◽  
The West ◽  
Forced Labour ◽  
Black Poor ◽  
The Relationship

Smeathman dies in London from a ‘putrid fever’ in July 1786. The Committee for the Black Poor sully his posthumous reputation, possibly because of his support for a mixed-race constitution in Sierra Leone. They fail to see that Smeathman’s scheme for commercial agriculture, powered by the labour of redeemed slaves, presented a small step forward in recasting the relationship between forced labour and empire. Smeathman’s essay on the West African termite has many afterlives, especially in terms of its engravings, but the big book on Africa and the West Indies—his ‘Voyages and Travels’—is never published.

An Examination of the Relationship between Volatility and Expected Returns in the BRVM Stock Market

2018 ◽  
Vol 3 (5) ◽  
pp. 7-11 ◽  
Author(s):  
Godwin Olasehinde-Williams
Keyword(s):  
Stock Market ◽  
Stock Returns ◽  
West African ◽  
Expected Returns ◽  
Economic Agents ◽  
The Impact ◽  
The Relationship

Financial theory suggests that volatility affects average stock returns positively. It is claimed that markets reward economic agents for the risk they assume with higher returns. This study uses an ARMA (1, 2)-GARCH (1, 1)-M technique to examine the impact of volatility on BRVM stock returns in the integrated regional West African stock market. A positive but insignificant relationship was found between volatility and stock returns. The study concludes that there is no significant feedback from volatility to average returns in the stock market. Our findings indicate that investors are not compensated for taking risks in the regional stock market.

Office, land and subjects in the history of the Manwere fekuo of Kumase: an essay in the political economy of the Asante state

1980 ◽  
Vol 21 (2) ◽  
pp. 189-208 ◽  
Author(s):  
T. C. McCaskie
Keyword(s):  
Political Economy ◽  
General Consideration ◽  
West African ◽  
The Political ◽  
The West ◽  
Substantial Body ◽  
Material Basis ◽  
History Of ◽  
The Relationship ◽  
Over Time

The fundamental reasoning underlying this paper is that, in seeking to advance our understanding of the material basis of political power in pre-colonial African polities, particular attention must be paid to the detailed reconstruction over time of the triumviral relationship between office, land and subjects. Acknowledgement is freely made of the fact that, for many (if not most) areas of Africa, this type of reconstruction is either exceptionally difficult or frankly impossible. This paper is concerned with the West African forest kingdom of Asante (Ghana) – a case evincing considerable institutional continuity and structural vigour, and one, moreover, sufficiently richly documented to permit the type and level of reconstruction posited. Specifically, and taking into account the substantial body of research already carried out on the general political history of Asante, this paper deals with patterns of authority over land and subjects as evidenced by the offices contained within the Manwere – one of the ten administrative/military fekuo of Kumase. The Manwere was created by Asantehene Kwaku Dua Panin (1834–67), and in seeking to account for the political imperatives underlying the foundation, the paper explores the context of the reign and the biography and career of the first Manwerehene, Kwasi Brantuo. Particular attention is paid throughout to the way in which the relationship between office, land and subjects within the Manwere was modified or otherwise altered by the nature of the political vicissitudes through which the Asante polity passed in the period between – broadly – the mid-nineteenth and mid-twentieth centuries. Underlying the paper, and supplying context to its conclusions, is a general consideration of the philosophy of the Asante ethic concerning such matters as wealth and accumulation, the nature of authority, and the conceptualization of citizenship.

Sign in / Sign up

Export Citation Format

Share Document