@techreport{Caporale2010Price,
abstract = {This paper examines the process of price discovery in the MTS system, which builds on the parallel quoting of euro-denominated government securities on a number of (relatively large) domestic markets and on a (relatively small) European marketplace (EuroMTS). Using twenty-seven months of daily data for 107 pairs of bonds, we present unambiguous evidence that trades on EuroMTS have a sizeable informational content.},
address = {Berlin},
author = {Guglielmo Maria Caporale and Alessandro Girardi},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {C32; G10; 330; MTS system; price discovery; \"{O}ffentliche Anleihe; Euromarkt; B\"{o}rsenkurs; Effizienzmarktthese; Informationswert; Sch\"{a}tzung; EU-Staaten},
language = {eng},
number = {977},
publisher = {Deutsches Institut f\"{u}r Wirtschaftsforschung (DIW)},
title = {Price formation on the EuroMTS platform},
type = {Discussion papers // German Institute for Economic Research},
url = {http://hdl.handle.net/10419/36719},
year = {2010}
}
