The 1st INFINITI Conference on International Finance ASIA-PACIFIC
A Trinity College Dublin, Monash University & University of Economics Ho Chi Minh City Event
University of Economics, Ho Chi Minh City, Vietnam
7-8 December 2016
“International financial integration: regional and global drivers”
Best Paper Award:
“The Euro-American-British Financial CDS Markets: Who are the Stress Transmitters and Receivers of Volatility Spillovers?”
Submitting Author: Larisa Yarovaya, Anglia Ruskin University, UK
Best Student Paper Award:
“Precaution versus Mercantilism: Reserve Accumulation, Capital Controls, and the Real Exchange Rate”
Submitting Author: Woojin Choi, University of Virginia, USA
Jonathan Batten, Monash University, Australia
“Revisiting the Price-Volume Relationship”
This paper investigates the price-volume and volatility relationships in three key US indices (the S&P 500, Dow Jones Industrial Average 30, and the NASDAQ Composite), whose indices are based on different groups of stocks, but whose values represent stocks with significantly different degrees of market capitalisation and turnover. These stocks are traded and listed on two US stock exchanges: the New York Stock Exchange (NYSE) and the NASDAQ. The NASDAQ and the S&P 500 are especially important given their role as market benchmarks to index funds. The study establishes the effect on volatility of market size and contemporaneous trading, while also shedding insights into existing theories associated with price-volume relationships. The paper has implications for other stock markets, especially those in developing regions, where indices with different degrees of capitalisation and trading volume, underpin the values of various investment products.
Jonathan A. Batten is Professor of Finance in the Department of Banking and Finance at Monash University, Australia. Prior to this position he worked as a Professor in Finance at the Hong Kong University of Science & Technology and Visiting Professor at Seoul National University, Korea. He is the managing editor of Elsevier’s highly ranked Emerging Markets Review, and Journal of International Financial Markets Institutions and Money, co-editor of Finance Research Letters, and associate editor of the Journal of the Asia Pacific Economy, Journal of Multinational Financial Management, Research in International Business and Finance and International Review of Financial Analysis.
Jonathan’s research crosses a number of disciplines: in the business area he has published in a number of journals used by the Financial Times for ranking business schools (e.g. Journal of Business Ethics, Journal of Financial and Quantitative Analysis and the Journal of International Business Studies). In addition, he has also published work in leading journals in applied mathematics (e.g. Chaos and Physica A), in environmental studies (Energy Economics and Resources Policy), and importantly in economic policy (e.g. Applied Economics and the World Bank Research Observer).
In addition he has received a number of external research grants from the Asian Development Bank, the World Bank, the international payments organisation SWIFT, and the international regulator, the Bank for International Settlements. He is the current President of the Eurasian Business and Economics Society (EBES) and has served on a number of national external research committees in economics and finance. He is currently an external appointee on the Academic Council of the University of Economics Ho Chi Minh City, Vietnam.
Download a copy of the programme here: INFINITI 2016 AP Final Programme