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dc.contributor.authorFan, JH
dc.contributor.authorFernandez-Perez, A
dc.contributor.authorIndriawan, I
dc.contributor.authorTodorova, N
dc.date.accessioned2020-09-23T23:08:42Z
dc.date.available2020-09-23T23:08:42Z
dc.date.issued2020
dc.identifier.issn0927-538X
dc.identifier.doi10.1016/j.pacfin.2020.101429
dc.identifier.urihttp://hdl.handle.net/10072/397849
dc.description.abstractWe examine the impact of internationalization on the quality of Chinese iron ore and PTA futures markets, by comparing the trading activities, costs and volatilities before and after the event. Using a difference-in-difference framework, we find that internationalization improves the market quality for PTA, while the opposite effect occurs with iron ore futures. This difference is caused in part by the activities of hedgers and speculators, while decreases in the iron ore market quality are largely explained by the erosion of locational arbitrage opportunities. Since the effects of internationalization differ across commodities, its success must be assessed case by case.
dc.description.peerreviewedYes
dc.languageEnglish
dc.language.isoeng
dc.publisherElsevier
dc.relation.ispartofjournalPacific-Basin Finance Journal
dc.relation.ispartofvolume63
dc.subject.fieldofresearchAccounting, Auditing and Accountability
dc.subject.fieldofresearchBanking, Finance and Investment
dc.subject.fieldofresearchcode1501
dc.subject.fieldofresearchcode1502
dc.titleInternationalization of futures markets: Lessons from China
dc.typeJournal article
dc.type.descriptionC1 - Articles
dcterms.bibliographicCitationFan, JH; Fernandez-Perez, A; Indriawan, I; Todorova, N, Internationalization of futures markets: Lessons from China, Pacific-Basin Finance Journal, 2020, 63, pp. 101429-101429
dc.date.updated2020-09-23T23:00:20Z
gro.hasfulltextNo Full Text
gro.griffith.authorTodorova, Neda
gro.griffith.authorFan, John H.


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