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Two-step testing procedure for price discovery role of futures prices

✍ Scribed by Jing Quan

Publisher
John Wiley and Sons
Year
1992
Tongue
English
Weight
707 KB
Volume
12
Category
Article
ISSN
0270-7314

No coin nor oath required. For personal study only.

✦ Synopsis

This is a stronger conclusion than the one obtained in Bopp and Lady (1991) which asserts that spot prices have essentially the same forecasting power as futures prices.

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