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Munich Personal RePEc Archive

Information transmission and the emergence of a peculiar trading facility in certain emerging markets

Siddiqi, Hammad (2010): Information transmission and the emergence of a peculiar trading facility in certain emerging markets.

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Abstract

A peculiar carry over transaction facility has been associated with emerging markets of India and Pakistan. We show that the trading facility can be considered a market response to the information gaps in these markets. Information can be credibly transmitted through this trading facility. Hence, the emergence of such a trading facility is, perhaps, an example of a creative market response to information problems.

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