CHOU, PIN-HUANG; LIN, MEI-CHEN; YU, MIN-TEH - In: Emerging Markets Finance and Trade 42 (2006) 1, pp. 62-88
-minimization combination of margins, spot price limits, and futures price limits is 7 percent, 6 percent, and 6 percent, respectively, when the … are less than those without price limits. Price limits may partially substitute for margin requirements in ensuring … the other hand, though imposing equal price limits of 7 percent on both the spot and futures markets does not coincide …