Since February 2001, the Chinese Securities Regulatory Commission allowed domestic trade in foreign-currency denominated shares (B-shares) whose trade was originally restricted to foreign investors. We investigate possible effects of lifting the ownership restriction on the B-share discounts and...

Inflationäre Überraschungen und reale Wirtschaftsaktivität in Westdeutschland: Einige Tests auf der Grundlage von Erwartungen "effizienter Märkte" Diese Untersuchung behandelt die empirische Gültigkeit der Hypothese einer um Erwartungen bereinigten Angebotsfunktion (Expectations-Adjusted...

This paper investigates the hypotheses that the recently established Mexican stock index futures market effectively serves the price discovery function, and that the introduction of futures trading has provoked volatility in the underlying spot market. We test both hypotheses simultaneously with...