Measures of financial market integration and their application to the NYSE
Recent advances in the finance literature have introduced several useful tools for exploring the structure of asset prices and any relative price misalignments. Specifically. Chen & Knez (1995) introduced unconditional measures of price integration and misalignment based on price kernel represen...
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| Language: | English |
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2009
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| Online Access: | http://hdl.handle.net/2429/17097 |