This paper examines liquidity in the China stock market around the introduction of the CSI 300 Index Futures contract. Two competing hypotheses are tested. Liquidity of constituents stocks in the underlying index may worsen as passive and uninformed investors migrate to the futures market. On...

Using high-frequency price and volume data from several large exchanges, we show that FOMC and CPI announcements have a massive impact on Bitcoin's realized volatility and volume. However, this effect is a recent phenomenon, which started as inflation rose at the beginning of 2021. We also...

Purpose - Unlimited quantitative easing (QE) is one of the monetary policies used to stimulate the economy during the coronavirus disease 2019 (COVID-19) pandemic. This policy has affected the financial markets worldwide. This empirical research aims at studying the dependence among stock...