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A time series test of calendar seasonalities in the S&P 500 index since the introduction of index derivative securities

✍ Scribed by Don Cyr; Tanya Llewellyn


Publisher
John Wiley and Sons
Year
1994
Tongue
English
Weight
927 KB
Volume
14
Category
Article
ISSN
0270-7314

No coin nor oath required. For personal study only.

✦ Synopsis


ATIME SERIES TEST OF CALENDAR

SEASONALITIES IN THE s&P 500 INDEX SINCE THE

INTRODUCTION OF INDEX DERIVATIVE SECURITIES

DON CYR TANYA LLEWELLYN

'Barone-Adesi and Cyr (1992) however, provide evidence that conflicts with that of Maloney and Kogalski (1 989) of a turn-of-the-year seasonality in volatilities implied from stock and index options prices.