Arbitrage

The first chapter uses violations of the law of one price of Bitcoin to uncover sources of demand for cryptocurrency. In line with Hayek, we show that distrust breeds demand. We proxy Bitcoin demand with transitory price deviations---Bitcoin prices in a local currency, converted…

Predecir el precio del cobre no es una tarea fácil. Productores, consumidores, inversionistas e incluso algunos gobiernos deben enfrentarse a este tema. Existen muchas fuentes de información y diferentes modelos para completarla, sin embargo, no hay un consenso claro de cuándo e…

This research examines the pricing behaviors of futures contract in the Korean market in its early inception period. This research is mainly organized into three parts. The first chapter investigates the mispricing of futures contract relative to its theoretical value. Consisten…