The Price Discovery Puzzle in Offshore Yuan Trading: Different Contributions for Different Contracts

The Price Discovery Puzzle in Offshore Yuan Trading: Different Contributions for Different Contracts

The People's Bank of China (PBC) lifted yuan trading restrictions in July of 2010 that led to offshore yuan spot trading in Hong Kong. Based on causality analyses, we find that price discovery is absent between the onshore and offshore spot markets. However, we document the presence of price di...

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Bibliographic Details
Main Authors: DING, David K., TSE, Yiuman, WILLIAMS, Michael R.
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2014
Subjects:
Asian Studies
Finance and Financial Management
Portfolio and Security Analysis
Online Access:https://ink.library.smu.edu.sg/lkcsb_research/3602
https://ink.library.smu.edu.sg/context/lkcsb_research/article/4601/viewcontent/Price_discovery_puzzle_2014_av.pdf
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Institution: Singapore Management University
Language: English

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https://ink.library.smu.edu.sg/lkcsb_research/3602
https://ink.library.smu.edu.sg/context/lkcsb_research/article/4601/viewcontent/Price_discovery_puzzle_2014_av.pdf

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