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Cointegration analysis has been used widely to quantify market integration through price arbitrage. We show that total price variability can be decomposed into: (i) magnitude of price shocks; (ii) correlation of price shocks; (iii) between-period arbitrage. All three measures depend upon data...
Persistent link: https://www.econbiz.de/10011084541
A key issue in arbitration, which resolves disputes among parties, involves the procedure for selecting an arbitrator …
Persistent link: https://www.econbiz.de/10009399707
The great majority of international contracts provide for arbitration in the event of dispute. Legal scholars argue … that international arbitration is causing the development of a legal doctrine attuned to the needs of business and … independent of national laws. This paper studies international arbitration as a prime example of private trade shaping …
Persistent link: https://www.econbiz.de/10005504547