The Role of Canceled Warrants in the LME Market
AbstractThis article visits the question of whether canceled warrants (CWs) have a positive effect on LME metal prices. To examine this question carefully, a regression model is applied. This paper finds a statistically significant positive link between CWs and LME metal prices, including aluminum, zinc, tin, and nickel. However, other metals such as copper and lead are not statistically significant. The second objective of the study is to identify the dynamic response of metal price returns for aluminum, zinc, tin, and nickel to an innovation in the CWs using VAR. It is found that the positive impact of the CWs on metal returns is transitory. View Full-Text
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Park, J. The Role of Canceled Warrants in the LME Market. Int. J. Financial Stud. 2019, 7, 10.
Park J. The Role of Canceled Warrants in the LME Market. International Journal of Financial Studies. 2019; 7(1):10.Chicago/Turabian Style
Park, Jaehwan. 2019. "The Role of Canceled Warrants in the LME Market." Int. J. Financial Stud. 7, no. 1: 10.
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