Integration and arbitrage in the Spanish
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Balb�s, Alejandro; Longarela, I�aki R.; Pardo, �ngel
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Article
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2000
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John Wiley and Sons
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English
⚖ 281 KB
👁 2 views
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