Eom, Kyong Shik; Kwon, Kyungyoon; La, Sung Chae; Park, … - In: Journal of Risk and Financial Management 15 (2022) 3, pp. 1-19
(VIs) in the Korean stock markets. The Korea Exchange introduced VIs to improve price formation, and to limit risk to … investors from brief periods of abnormal volatility for individual stocks. We found that dynamic VI is effective in price … stabilization and discovery, while the effect of static VI is limited. The static VI functions similarly to the pre-existing price …