Open Access

Indian and Chinese Metal Futures Markets: A Linkage Analysis


Cite

Aroul, R. R.; Swanson, P. E. (2018). Linkages between the foreign exchange markets of BRIC countries—Brazil, Russia, India and China—and the USA. Journal of Emerging Market Finance 17(3): 1–21. https://doi.org/10.1177/0972652718800081 .10.1177/0972652718800081 Search in Google Scholar

Aruga, K.; Managi, S. (2011). Tests on price linkage between the U.S. and Japanese gold and silver futures markets. Economics Bulletin 31(2): 1038–1046. Search in Google Scholar

Booth, G. G., Brockman, P.; Tse, Y. (1998). The relationship between U.S. and Canadian wheat futures. Applied Financial Economics 8(1): 73–80. https://doi.org/10.1080/096031098333276 .10.1080/096031098333276 Search in Google Scholar

Chowdhury, A. R. (1991). Futures market efficiency: Evidence from cointegration tests. Journal of Futures Markets 11(5): 577–589. https://doi.org/10.1002/fut.3990110506.10.1002/fut.3990110506 Search in Google Scholar

Fung, H. G., Tse, Y., Yau, J.; Zhao, L. (2013). A leader of the world commodity futures markets in the making? The case of China’s commodity futures. International Review of Financial Analysis 27: 103–114. https://doi.org/10.1016/j.irfa.2013.01.001.10.1016/j.irfa.2013.01.001 Search in Google Scholar

Guo, Z.-Y. (2017). How information is transmitted across the nations? An empirical investigation of the U.S. and Chinese commodity markets. Global Journal of Management and Business Research: (C) Finance 17(2). https://doi.org/10.2139/ssrn.3013797.10.2139/ssrn.3013797 Search in Google Scholar

Hu, C.; Liu, X.; Pan, B.; Sheng, H.; Zhong, M.; Zhu, X.; Wen, F. (2017). The impact of international price shocks on China’s nonferrous metal companies: A case study of copper. Journal of Cleaner Production 168: 254–262. https://doi.org/10.1016/j.jclepro.2017.09.035.10.1016/j.jclepro.2017.09.035 Search in Google Scholar

Hua, R.; Chen, B. (2007). International linkages of the Chinese futures markets. Applied Financial Economics 17(16): 1275. https://doi.org/10.1080/09603100600735302 .10.1080/09603100600735302 Search in Google Scholar

Hua, R.; Lu, B.; Chen, B. (2010). Price discovery process in the copper markets: Is Shanghai futures market relevant? Review of Futures Markets 18(3). Search in Google Scholar

Indriawan, I.; Liu, Q.; Tse, Y. (2019). Market quality and the connectedness of steel rebar and other industrial metal futures in China. Journal of Futures Markets 39(11): 1383–1393. https://doi.org/10.1002/fut.22001.10.1002/fut.22001 Search in Google Scholar

Klein, T.; Todorova, N. (2021). Night trading with futures in China: The case of aluminium and copper. Resources Policy 73(May): 102205. https://doi.org/10.1016/j.resourpol.2021.102205.10.1016/j.resourpol.2021.102205 Search in Google Scholar

Kumar, B.; Pandey, A. (2011). International linkages of the Indian commodity futures markets. Modern Economy 02(03): 213–227. https://doi.org/10.4236/me.2011.23027.10.4236/me.2011.23027 Search in Google Scholar

Li, X.; Zhang, B. (2008). Price linkages between Chinese and world copper futures markets. Frontiers of Economics in China 3(3): 451–461. https://doi.org/10.1007/s11459-008-0021-9.10.1007/s11459-008-0021-9 Search in Google Scholar

Li, X.; Zhang, B. (2009). Price discovery for copper futures in informationally linked markets. Applied Economics Letters 16(15): 1555–1558. https://doi.org/10.1080/13504850701578801.10.1080/13504850701578801 Search in Google Scholar

Li, Z.; Zhang, L. H. (2013). An empirical study of international linkages of the Shanghai copper futures market. The Chinese Economy 46(3): 61–74. https://doi.org/10.2753/CES1097-1475460304.10.2753/CES1097-1475460304 Search in Google Scholar

Pradhan, R. P.; Hall, J. H.; du Toit, E. (2021). The lead–lag relationship between spot and futures prices: Empirical evidence from the Indian commodity market. Resources Policy 70(July). https://doi.org/10.1016/j.resourpol.2020.101934.10.1016/j.resourpol.2020.101934 Search in Google Scholar

Rutledge, R.; Karim, K.; Wang, R. (2013). International copper futures market price linkage and information transmission: Empirical evidence from the primary world copper markets. Journal of International Business Research 12(1): 113. Search in Google Scholar

Sendhil, R.; Ramasundaram, P. (2014). Performance and relevance of wheat futures market in India – An exploratory analysis. Research in Agricultural & Applied Economics. Retrieved from: 10.22004/ag.econ.174839. Search in Google Scholar

Sinha, P.; Mathur, K. (2013). Price, return and volatility linkages of base metal futures traded in India. Munich Personal RePEc Archive (MPRA): 47061. Search in Google Scholar

Toda, H. Y.; Yamamoto, T. (1995). Statistical inference in vector autoregressions with possibly integrated processes. Journal of Econometrics 66(1–2): 225–250.10.1016/0304-4076(94)01616-8 Search in Google Scholar

Tsiaras, K. (2020). Contagion in Futures metal markets during the recent global financial crisis: Evidence from gold, silver, copper, zinc and aluminium. SPOUDAI – Journal of Economics and Business 70(3): 42–55. Search in Google Scholar

Tu, Z.; Song, M.; Zhang, L. (2013). Emerging impact of Chinese commodity futures market on domestic and global economy. China and World Economy 21(6): 79–99. https://doi.org/10.1111/j.1749-124X.2013.12047.x.10.1111/j.1749-124X.2013.12047.x Search in Google Scholar

Wang, T.; Wang, C. (2019). The spillover effects of China’s industrial growth on price changes of base metal. Resources Policy 61(May): 375–384. https://doi.org/10.1016/j.resourpol.2017.11.007.10.1016/j.resourpol.2017.11.007 Search in Google Scholar

Xin, Y.; Chen, G.; Firth, M. (2006). The efficiency of the Chinese commodity futures markets: Development and empirical evidence. China and World Economy 14(2): 79–92. https://doi.org/10.1111/j.1749-124X.2006.00016.x.10.1111/j.1749-124X.2006.00016.x Search in Google Scholar

eISSN:
2360-0047
Language:
English
Publication timeframe:
Volume Open
Journal Subjects:
Business and Economics, Political Economics, Economic Theory, Systems and Structures