![Bolsa or NYSE: price discovery for Mexican shares [An article from: Journal of International Financial Markets, Institutions & Money]](https://www.ebooknetworking.net/books/B00/0RQ/bigB000RQZBZG.jpg)
Bolsa or NYSE: price discovery for Mexican shares [An article from: Journal of International Financial Markets, Institutions & Money]
Book Details
Author(s)G.M. von Furstenberg, C.B. Tabora
PublisherElsevier
ISBN / ASINB000RQZBZG
ISBN-13978B000RQZBZ2
AvailabilityAvailable for download now
Sales Rank7,648,081
MarketplaceUnited States 🇺🇸
Description
This digital document is a journal article from Journal of International Financial Markets, Institutions & Money, published by Elsevier in 2004. The article is delivered in HTML format and is available in your Amazon.com Media Library immediately after purchase. You can view it with any web browser.
Description:
Is price discovery and the calibration of news through American (A) or global (G) depositary receipts (DR) or depositary shares (DS), traded in central markets, superseding local discovery in peripheral markets? This question remains very much open as the evidence we present on the durability of price innovations in two major Mexican stocks provides little support for the view that the demise of local markets is inevitable. Rather it appears that such markets may have some advantage in information efficiency that may compensate for their extra costs.
Description:
Is price discovery and the calibration of news through American (A) or global (G) depositary receipts (DR) or depositary shares (DS), traded in central markets, superseding local discovery in peripheral markets? This question remains very much open as the evidence we present on the durability of price innovations in two major Mexican stocks provides little support for the view that the demise of local markets is inevitable. Rather it appears that such markets may have some advantage in information efficiency that may compensate for their extra costs.
