Relative informational efficiency of cash, futures, and options markets: The case of an emerging market
β Scribed by Raymond Chiang; Wai-Ming Fong
- Book ID
- 117529272
- Publisher
- Elsevier Science
- Year
- 2001
- Tongue
- English
- Weight
- 143 KB
- Volume
- 25
- Category
- Article
- ISSN
- 0378-4266
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π SIMILAR VOLUMES
## Abstract We examine the effect of the introduction of index futures trading in the Korean markets on spot price volatility and market efficiency of the underlying KOSPI 200 stocks, relative to the carefully matched nonβKOSPI 200 stocks. Employing both an event study approach and a matchingβsampl
his article examines the pricing efficiency of the gold futures market relative T to the Treasury bill futures market. Futures contracts for gold, a relative newcomer, have only been traded since 1975. T-bill futures contracts, also a relative newcomer, have been traded on organized exchanges since