File Download

There are no files associated with this item.

  Links for fulltext
     (May Require Subscription)
Supplementary

Article: Interrelationship among the price indexes of the NYSE, AMEX, and OTC

TitleInterrelationship among the price indexes of the NYSE, AMEX, and OTC
Authors
Chung, MMCHan, KCTse, MKS
Issue Date1996
PublisherElsevier BV. The Journal's web site is located at http://www.elsevier.com/locate/iref
Citation
International Review Of Economics And Finance, 1996, v. 5 n. 1, p. 63-75 How to Cite?
DOI: http://dx.doi.org/10.1016/S1059-0560(96)90006-4
AbstractUsing a vector autoregression model, this paper investigates the interrelationship among the price indexes of the NYSE, AMEX, and OTC. Results show that the lagged variables of the NYSE price index have the strongest power in explaining the current price indexes, indicating the superiority of the NYSE in liquidity. After the inception of the NMS, however, the OTC experiences a significant improvement, and it is now comparable to the NYSE in liquidity. Observations suggest that the AMEX provides less liquidity than either the NYSE or OTC. © 1996 JAI Press Inc. All rights of reproduction in any form reserved.
Persistent Identifierhttp://hdl.handle.net/10722/85587
ISSN
1059-0560
2023 Impact Factor: 4.8
2023 SCImago Journal Rankings: 1.093
References
References in Scopus

 

DC FieldValueLanguage
dc.contributor.authorChung, MMCen_HK
dc.contributor.authorHan, KCen_HK
dc.contributor.authorTse, MKSen_HK
dc.date.accessioned2010-09-06T09:06:53Z-
dc.date.available2010-09-06T09:06:53Z-
dc.date.issued1996en_HK
dc.identifier.citationInternational Review Of Economics And Finance, 1996, v. 5 n. 1, p. 63-75en_HK
dc.identifier.issn1059-0560en_HK
dc.identifier.urihttp://hdl.handle.net/10722/85587-
dc.description.abstractUsing a vector autoregression model, this paper investigates the interrelationship among the price indexes of the NYSE, AMEX, and OTC. Results show that the lagged variables of the NYSE price index have the strongest power in explaining the current price indexes, indicating the superiority of the NYSE in liquidity. After the inception of the NMS, however, the OTC experiences a significant improvement, and it is now comparable to the NYSE in liquidity. Observations suggest that the AMEX provides less liquidity than either the NYSE or OTC. © 1996 JAI Press Inc. All rights of reproduction in any form reserved.en_HK
dc.languageengen_HK
dc.publisherElsevier BV. The Journal's web site is located at http://www.elsevier.com/locate/irefen_HK
dc.relation.ispartofInternational Review of Economics and Financeen_HK
dc.rightsInternational Review of Economics & Finance. Copyright © Elsevier BV.en_HK
dc.titleInterrelationship among the price indexes of the NYSE, AMEX, and OTCen_HK
dc.typeArticleen_HK
dc.identifier.openurlhttp://library.hku.hk:4550/resserv?sid=HKU:IR&issn=1059-0560&volume=5&spage=63&epage=75&date=1996&atitle=Interrelationship+among+the+Price+Indexes+of+the+NYSE,+AMEX,+and+OTCen_HK
dc.identifier.emailTse, MKS: ktse@hku.hken_HK
dc.identifier.authorityTse, MKS=rp01101en_HK
dc.description.naturelink_to_subscribed_fulltext-
dc.identifier.doi10.1016/S1059-0560(96)90006-4en_HK
dc.identifier.scopuseid_2-s2.0-16144367518en_HK
dc.identifier.hkuros26476en_HK
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-16144367518&selection=ref&src=s&origin=recordpageen_HK
dc.identifier.volume5en_HK
dc.identifier.issue1en_HK
dc.identifier.spage63en_HK
dc.identifier.epage75en_HK
dc.publisher.placeNetherlandsen_HK
dc.identifier.scopusauthoridChung, MMC=7402437211en_HK
dc.identifier.scopusauthoridHan, KC=7402963260en_HK
dc.identifier.scopusauthoridTse, MKS=7103352647en_HK
dc.customcontrol.immutablecsl 141117-
dc.identifier.issnl1059-0560-

Export via OAI-PMH Interface in XML Formats

OR

Export to Other Non-XML Formats