Do Market-wide Circuit Breakers Effectively Reduce the Volatility? Evidence from China Stock Market Micro-structure
The circuit breaker mechanism was first installed in China stock market on January 4, 2016 but triggered four times and abandoned just in 4 trading days, leading to huge panic and abnormal fluctuation. Existing literature argues that the circuit breakers may not be able to reduce volatility but acce...
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| Format: | Dissertation (University of Nottingham only) |
| Language: | English |
| Published: |
2020
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| Online Access: | https://eprints.nottingham.ac.uk/62901/ |