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This paper examines informed trading in mining exploration and production stocks listed on the Australian Stock Exchange. The probability of informed trading is higher in exploration stocks. However, this same pattern is detected in a sample of control stocks matched by turnover, suggesting the...
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We use a high frequency data set to examine information flows between the direct AUD/NZD market and the indirect AUD/USD and NZD/USD markets for the Australian dollar/New Zealand dollar cross-rate. Our results show that information flows are dominated by the contemporaneous information flow...
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