This paper presents some new results on the price discovery process in both the Canadian and U.S. 10-year Government bond markets using high-frequency data not previously analyzed. Using techniques introduced by Hasbrouck (1995) and Gonzalo-Granger (1995), we look at the relative information...

On 13 March 2000, the statutory derivation action was introduced into Australia, effectively abolishing the rule in Foss v. Harbottle. This article examines in detail the derivative actions in the United States, Canada, New Zealand and Australia. The article also provides a discussion as to why...