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The microstructure of Asian equity markets

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Abstract

This study provides an overview of six stock markets in Asia, including Hong Kong, Korea, Malaysia, Singapore, Taiwan, and Thailand. We find that the Asian stock exchanges have adopted numerous new concepts in terms of market structure, trading method, and the clearing and settlement system. As a group, they provide an intersting setting for empirical investigation due to their unique characteristics not found in the stock exchanges in advanced countries.

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Authors and Affiliations

  1. Pacific-Basin Capital Markets (PACAP) Research Center, College of Business Administration, University of Rhode Island, 02881-0802, Kingston, R.I

    S. Ghon Rhee (Professor of Finance and Director)

  2. Pacific-Basin Capital Markerts (PACAP) Research Center, College of Business Administration, University of Rhode Island, 02881-0802, Kingston, R.I.

    Rosita P. Chang (Associate Professor of Finance and Director)

Authors
  1. S. Ghon Rhee
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  2. Rosita P. Chang
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Ghon Rhee, S., Chang, R.P. The microstructure of Asian equity markets. J Finan Serv Res 6, 437–454 (1993). https://doi.org/10.1007/BF01046079

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