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The “I” in ISCT: Normative and Empirical Facets of Integration

✍ Scribed by Katherina Glac; Tae Wan Kim


Publisher
Springer
Year
2009
Tongue
English
Weight
160 KB
Volume
88
Category
Article
ISSN
0167-4544

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Several authors have introduced different ways to measure integration between financial markets. Most of them are derived from the basic assumptions about asset prices, like the Law of One Price or the absence of arbitrage opportunities. Two perfectly integrated markets must give identical prices to