Price Discovery and Foreign Participation in Korea's Government Bond Cash and Futures Markets

Abstract

The views expressed in this paper are those of the authors and do not necessarily reflect the views and policies of the Bank of Korea (BOK) and the Asian Development Bank (ADB) or its Board of Governors or the governments they represent. When reporting or citing this paper, the authors' names should always be stated explicitly. BOK and ADB do not guarantee the accuracy of the data included in this publication and accepts no responsibility for any consequence of their use. By making any designation of or reference to a particular territory or geographic area, or by using the term "country" in this document, BOK and ADB do not intend to make any judgments as to the legal or other status of any territory or area.