The extremely high A- share underpricing in China's primary market provides us with a very interesting area of empirical research. Previous studies on China's IPO underpricing have been suggestive, but in-conclusive. We investigate the A- share underpricing by employing the most recent data...

There is continuing debate in the US over full introduction of electronic trading in those index futures contracts that are still traded at the CME via open outcry. Since the late 1990s major international exchanges trading index futures contracts have converted to full electronic trading....

We utilize the default by Argentina in 2001 and the Global Financial Crisis in 2008, as natural experiments, to monitor the complex interactions between sovereign bonds when subjected to endogenous and exogenous shocks. By forming pairs of Latin American sovereign bonds, bundled into similar...

The analysis undertaken in this research is a first attempt to comprehensively model all four Samp;P500 markets simultaneously. Synchronously sampled half-hourly observations are generated from transaction data for these four financial assets. Special classes of Simultaneous Volatility (SVL)...

A theoretical framework is developed in order to consider effects of mis-specification in either first and/or second moment equations on resultant conditional volatility parameter estimates. The conditional volatility model is considered as a special case of a general stochastic volatility...