Over the past two decades, China has come to dominate internationalcommerce in copper. The importance of the Shanghai Futures Exchange(SHFE) has increased in response to this development. We look at thedistribution of price discovery between the SHFE and the two historicallyimportant copper...

This paper uses an exclusive proprietary data set of European Credit Derivatives and VIX markets, covering a sample of 5 to 7 years, to study the nature of the theoretical link between credit risk and market risk, originally postulated in the work of Merton. This allows us to establish...