Time Disparity and Price Discovery: The Effect of the U.S. Futures on Korean Gold Market
We examine price efficiency of the Korea Exchange (KRX) gold market by showing price discovery factors in the market. This study put forward a hypothesis that the price change of the gold futures in the CME (Chicago Mercantile Exchange) would have a positive impact on the rate of return of the KRX g...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
People & Global Business Association (P&GBA)
2018-06-01
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| Series: | Global Business and Finance Review |
| Subjects: | |
| Online Access: | http://www.gbfrjournal.org/pds/journal/thesis/20180710121331-YVZPN.pdf |