spillover effect from one futures market to other markets across the world is well researched and documented. Especially several … dissemination to the rest to the world. The information of price, market return and volatility that is prevailing in U.S market is … world is looking at it for taking corrective measures. To conclude, it is not the failure of the derivatives market but it …

deregulation to financial integration, and thereby to economic growth. We document a positive, but conditional, effect of financial …