Peiro, Amado; Quesada, Javier; Uriel, Ezequiel - In: The European Journal of Finance 4 (1998) 4, pp. 331-343
The paper analyses the relationships between three stock markets: New York, Tokyo and Frankfurt. The non …-simultaneity of the trading times in these three markets determines the results of cross-correlations and regressions with daily … of the ability to influence and the sensitivity of the different markets, and New York is found to be the most …