Please use this identifier to cite or link to this item: http://scholarbank.nus.edu.sg/handle/10635/45194
Title: Financial markets trends and studies of Singapore futures markets
Authors: Lim, K.-G. 
Wong, S.-C. 
Keywords: Futures
GARCH
Linkages
OSE
Risk
SIMEX
Issue Date: 1998
Source: Lim, K.-G.,Wong, S.-C. (1998). Financial markets trends and studies of Singapore futures markets. Asia-Pacific Financial Markets 5 (1) : 45-63. ScholarBank@NUS Repository.
Abstract: In this paper we explore some recent trends in the financial market and also report some studies of the Singapore futures markets. A characterization of trends shows that national securities markets are much closer than before. This means the linkages between securities and their derivatives and amongst themselves have be come much stronger. Secondly, the advent of sophisticated risk products and instruments and the knowledge to use them effectively would become a common theme together with the idea of value enhancements. Thirdly, computerizations and the internet will play an increasingly important role. So will empirical financial research become increasingly microscopic. The discussion will be supported by the experiences of the Singapore futures markets and various empirical research evidences. The paper also provides a detailed study of causality-in-variance test of information transmission between SIMEX and Osaka Stock Exchange on the Nikkei 225 stock index futures trading prior to, during, and immediately after the announcement of the collapse of Barings. The results are indicative of very strong international market linkages and a portent of things to come. © 1998 Kluwer Academic Publishers.
Source Title: Asia-Pacific Financial Markets
URI: http://scholarbank.nus.edu.sg/handle/10635/45194
ISSN: 13872834
Appears in Collections:Staff Publications

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