## Abstract We extend the work of Brennan (1986) to investigate whether the imposition of spot price limits can further reduce the default risk and lower the effective margin requirement for a futures contract that is already under price limits. Our results show that spot price limits do indeed fur
Speculative markets and the effectiveness of price limits
โ Scribed by Frank Westerhoff
- Publisher
- Elsevier Science
- Year
- 2003
- Tongue
- English
- Weight
- 539 KB
- Volume
- 28
- Category
- Article
- ISSN
- 0165-1889
No coin nor oath required. For personal study only.
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