Han, Heejoon; Kutan, Ali M.; Ryu, Doojin - In: Economics: The Open-Access, Open-Assessment E-Journal 9 (2015) 2015-35, pp. 1-34
The KOSPI (Korea Composite Stock Price Index) 200 options are one of the most actively traded derivatives in the world … (VKOSPI) derived from the KOSPI 200 options and (b) the macroeconomic and financial variables that can predict the implied … the US market (i.e., the S&P 500 spot return and the VIX from the S&P 500 options) play a key role in predicting the level …