The Effects of Futures Trading on Stock Market Liquidity and Volatility: A Continuous-time Equilibrium Model.
碩士 === 國立臺灣大學 === 財務金融學研究所 === 89 === This paper examines the effects of futures trading on the liquidity and volatility of the cash market. The main analysis is carried out for a stock market, but our results apply to other asset markets as well. We consider a continuous time stock market where liq...
| Main Authors: | , |
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| Other Authors: | |
| Format: | Others |
| Language: | zh-TW |
| Published: |
2001
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| Online Access: | http://ndltd.ncl.edu.tw/handle/62810469107813536285 |