✦ LIBER ✦

Price equilibrium and transmission in a controlled economy: A case study of the metal exchange in China

✍ Scribed by Gang Shyy; Bob Butcher

Publisher: John Wiley and Sons
Year: 1994
Tongue: English
Weight: 644 KB
Volume: 14
Category: Article
ISSN: 0270-7314
DOI: 10.1002/fut.3990140803

No coin nor oath required. For personal study only.

✦ Synopsis

CCC 0270-731 41941080877-1 4 ' Chang (1991) describes the background and trading activities in Zhengzhou Grain Wholesale Market. 'OThe authors thank Change Qing for providing the valuable data set collected by Shanghai Oriental Brokers Company. "The Shanghai Metal Exchange was open only on Monday, Wednesday, and Friday before October, 1993. As a result, three daily prices are collected in one week.

I21n 1992, the Shanghai Metal Exchange reported only highflow for three-month forward transaction. Therefore, the average of daily high and daily low are used in this study. The SHME reported weighted average spot prices in 1992.

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