The Bank of Japan’s exchange traded fund purchases: a help or hindrance to market efficiency?

We examine the impact of the Bank of Japan’s exchange traded fund (ETF) purchases on two aspects of market efficiency—long-range dependence and price delay—of the TOPIX and Nikkei 225 indices. An increase in ETF purchases results in lower long-range dependence for both indices while the impact on th...

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Detalles Bibliográficos
Autores principales: Charteris, Ailie, Steyn, Conrad Alexander
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Palgrave Macmillan UK 2023
Materias:
Original Article
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10027587/
http://dx.doi.org/10.1057/s41260-023-00307-2

Internet

https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10027587/
http://dx.doi.org/10.1057/s41260-023-00307-2

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