Hong, Hui; Lee, Chien-Chiang; Bian, Zhicun - In: International Journal of Emerging Markets 16 (2020) 5, pp. 885-908
Purpose: The purpose of this paper is to propose a new dynamic margin setting method for margin buying in China and evaluate the validity of its performance with the current margin system adopted by stock exchanges in extreme episodes. Design/methodology/approach: This paper adopts the dynamic...