Does the law of one price hold better under a flexible exchange rate system?

Date

2009

Authors

Bae, Sung C.
Li, Mingsheng
Shi, Jing

Journal Title

Journal ISSN

Volume Title

Publisher

Elsevier

Abstract

Using China's recent exchange rate system reform as a special event, we investigate two issues pertinent to the change in the exchange rate system: how the documented price discounts on Chinese foreign shares (B- and H-shares) changed after China shifted

Description

Keywords

Keywords: Exchange rate system; Investor expectation and attitude effect; Law of one price; Price discounts of Chinese foreign shares

Citation

Source

Journal of Multinational Financial Management

Type

Journal article

Book Title

Entity type

Access Statement

License Rights

Restricted until

2037-12-31