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Information Flow Between Crude Palm Oil and Crude Oil Futures
2022 12th International Conference on Applied Physics and Mathematics, ICAPM 2022 ; 2287, 2022.
Article in English | Scopus | ID: covidwho-1960903
ABSTRACT
This study finds asymmetric information flow from the crude palm oil (CPO) futures to the West Texas Intermediate (WTI) crude oil futures market despite the CPO futures market's low liquidity and small market capitalization. Our finding is robust regardless of the 2019 Coronavirus outbreak and the asymmetric information flow becomes even unilateral considering the exchange rate risk on the Malaysian Ringgit. Finally, we explain the asymmetric information flow from the CPO futures to WTI futures market given that the impact of speculation on market efficiency crowds out that of liquidity. © Published under licence by IOP Publishing Ltd.
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Full text: Available Collection: Databases of international organizations Database: Scopus Type of study: Prognostic study Language: English Journal: 2022 12th International Conference on Applied Physics and Mathematics, ICAPM 2022 Year: 2022 Document Type: Article

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Full text: Available Collection: Databases of international organizations Database: Scopus Type of study: Prognostic study Language: English Journal: 2022 12th International Conference on Applied Physics and Mathematics, ICAPM 2022 Year: 2022 Document Type: Article