Balbás, Alejandro; Longarela, Iñaki R.; Pardo, Ángel - In: Journal of Futures Markets 20 (2000) 4, pp. 321-344
Several authors have introduced different ways to measure integration between financial markets. Most of them are derived from the basic assumptions about asset prices, like the Law of One Price or the absence of arbitrage opportunities. Two perfectly integrated markets must give identical...