Product DescriptionThis digital document is an article in International Review of Financial Analysis, published by Wiley in 2006. The article is delivered in HTML format and is available in your Amazon. com Media Library immediately after purchase. You can do it with any web browser. Description: This paper analyzes the behavior of intraday price of Australian equities, will be on the Australian Stock Exchange (ASX) and also listed on the New Zealand (NZ), New Zealand and the dynamics of securities listed on NZX and cross — – listed on the ASX. The study also examines whether the two markets are integrated, and if arbitrage opportunities are available. Consistent with previous literature, the results indicate that each market contributes to price discovery, with the internal market to ensure that dominant. In addition, empirical evidence provides support for integration between stock markets. Finally, arbitrage operations by the dual-listed stocks on both markets are not generally available.

BUY NOW: The intraday price behaviour of Australian and New Zealand cross-listed stocks