{"id":"https://openalex.org/W2114049385","doi":"https://doi.org/10.1111/j.1468-5876.2009.00480.x","title":"HOW FAST DO TOKYO AND NEW YORK STOCK EXCHANGES RESPOND TO EACH OTHER? AN ANALYSIS WITH HIGH-FREQUENCY DATA","display_name":"HOW FAST DO TOKYO AND NEW YORK STOCK EXCHANGES RESPOND TO EACH OTHER? AN ANALYSIS WITH HIGH-FREQUENCY DATA","publication_year":2009,"publication_date":"2009-03-20","ids":{"openalex":"https://openalex.org/W2114049385","doi":"https://doi.org/10.1111/j.1468-5876.2009.00480.x","mag":"2114049385"},"language":"en","primary_location":{"id":"doi:10.1111/j.1468-5876.2009.00480.x","doi":"https://doi.org/10.1111/j.1468-5876.2009.00480.x","is_oa":false,"landing_page_url":"https://doi.org/10.1111/j.1468-5876.2009.00480.x","pdf_url":null,"source":{"id":"https://openalex.org/S41930762","display_name":"Japanese Economic Review","issn_l":"1352-4739","issn":["1352-4739","1468-5876"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-scientific","cwts-core","jufo-1","norway-1","poland-40","russia-white-list-3","vabb-shw"],"host_organization":"https://openalex.org/P4310319900","host_organization_name":"Springer Science+Business Media","host_organization_lineage":["https://openalex.org/P4310319900","https://openalex.org/P4310319965"],"host_organization_lineage_names":["Springer Science+Business Media","Springer Nature"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Japanese Economic Review","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5008021370","display_name":"Yoshiro Tsutsui","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I98285908","display_name":"The University of Osaka","ror":"https://ror.org/035t8zc32","country_code":"JP","type":"education","lineage":["https://openalex.org/I98285908"]}],"countries":["JP"],"is_corresponding":false,"raw_author_name":"YOSHIRO TSUTSUI","raw_affiliation_strings":["Osaka University","We are especially grateful to the anonymous referee of this journal for many constructive comments that led to substantial improvements. An earlier version of this paper was presented at the Monetary Economics Workshop (MEW), the 11th annual convention of the Nippon Finance Association, and the Spring Meeting of the Japan Economic Association. The authors are grateful for helpful comments by Masayuki Ikeda, Hideaki Kato, Toshio Serita, and participants at the workshop"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Osaka University","institution_ids":["https://openalex.org/I98285908"]},{"raw_affiliation_string":"We are especially grateful to the anonymous referee of this journal for many constructive comments that led to substantial improvements. An earlier version of this paper was presented at the Monetary Economics Workshop (MEW), the 11th annual convention of the Nippon Finance Association, and the Spring Meeting of the Japan Economic Association. The authors are grateful for helpful comments by Masayuki Ikeda, Hideaki Kato, Toshio Serita, and participants at the workshop","institution_ids":[]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5084415473","display_name":"Kenjiro Hirayama","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I206011266","display_name":"Kwansei Gakuin University","ror":"https://ror.org/02qf2tx24","country_code":"JP","type":"education","lineage":["https://openalex.org/I206011266"]}],"countries":["JP"],"is_corresponding":false,"raw_author_name":"KENJIRO HIRAYAMA","raw_affiliation_strings":["Kwansei Gakuin University"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Kwansei Gakuin University","institution_ids":["https://openalex.org/I206011266"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":2,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":{"value":3290,"currency":"USD","value_usd":3290},"apc_paid":null,"fwci":0.0,"has_fulltext":false,"cited_by_count":4,"citation_normalized_percentile":{"value":0.2685242,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":89,"max":96},"biblio":{"volume":"61","issue":"2","first_page":"175","last_page":"201"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.8598999977111816,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.8598999977111816,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10282","display_name":"Financial Risk and Volatility Modeling","score":0.1200999990105629,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11059","display_name":"Market Dynamics and Volatility","score":0.012199999764561653,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/tokyo-stock-exchange","display_name":"Tokyo Stock Exchange","score":0.7620000243186951},{"id":"https://openalex.org/keywords/new-york-stock-exchange","display_name":"New York Stock Exchange","score":0.9980000257492065},{"id":"https://openalex.org/keywords/market-efficiency","display_name":"market efficiency","score":0.6000000238418579},{"id":"https://openalex.org/keywords/topix","display_name":"TOPIX","score":0.7049999833106995},{"id":"https://openalex.org/keywords/s-p-500","display_name":"S&P 500","score":0.996999979019165},{"id":"https://openalex.org/keywords/high-frequency-data","display_name":"high-frequency data","score":0.6919999718666077},{"id":"https://openalex.org/keywords/international-stock-market-linkages","display_name":"international stock market linkages","score":0.5799999833106995},{"id":"https://openalex.org/keywords/response-asymmetry","display_name":"response asymmetry","score":0.3880000114440918}],"concepts":[{"id":"https://openalex.org/C204036174","wikidata":"https://www.wikidata.org/wiki/Q909380","display_name":"Stock (firearms)","level":2,"score":0.6687741875648499},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.590986430644989},{"id":"https://openalex.org/C200870193","wikidata":"https://www.wikidata.org/wiki/Q11691","display_name":"Stock exchange","level":2,"score":0.5544428825378418},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.4741056561470032},{"id":"https://openalex.org/C198531522","wikidata":"https://www.wikidata.org/wiki/Q485146","display_name":"Sample (material)","level":2,"score":0.41604483127593994},{"id":"https://openalex.org/C95457728","wikidata":"https://www.wikidata.org/wiki/Q309","display_name":"History","level":0,"score":0.22940215468406677},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.11891072988510132},{"id":"https://openalex.org/C121332964","wikidata":"https://www.wikidata.org/wiki/Q413","display_name":"Physics","level":0,"score":0.10157838463783264},{"id":"https://openalex.org/C97355855","wikidata":"https://www.wikidata.org/wiki/Q11473","display_name":"Thermodynamics","level":1,"score":0.0626661479473114},{"id":"https://openalex.org/C166957645","wikidata":"https://www.wikidata.org/wiki/Q23498","display_name":"Archaeology","level":1,"score":0.056452035903930664}],"mesh":[],"locations_count":5,"locations":[{"id":"doi:10.1111/j.1468-5876.2009.00480.x","doi":"https://doi.org/10.1111/j.1468-5876.2009.00480.x","is_oa":false,"landing_page_url":"https://doi.org/10.1111/j.1468-5876.2009.00480.x","pdf_url":null,"source":{"id":"https://openalex.org/S41930762","display_name":"Japanese Economic Review","issn_l":"1352-4739","issn":["1352-4739","1468-5876"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-scientific","cwts-core","jufo-1","norway-1","poland-40","russia-white-list-3","vabb-shw"],"host_organization":"https://openalex.org/P4310319900","host_organization_name":"Springer Science+Business Media","host_organization_lineage":["https://openalex.org/P4310319900","https://openalex.org/P4310319965"],"host_organization_lineage_names":["Springer Science+Business Media","Springer Nature"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Japanese Economic Review","raw_type":"journal-article"},{"id":"pmh:oai:dare.uva.nl:openaire_cris_publications/7c1614be-9673-47ee-96b5-380958ba118e","doi":null,"is_oa":false,"landing_page_url":"https://dare.uva.nl/personal/pure/en/publications/how-fast-do-tokyo-and-new-york-stock-exchanges-respond-to-each-other-an-analysis-with-highfrequency-data(7c1614be-9673-47ee-96b5-380958ba118e).html","pdf_url":null,"source":{"id":"https://openalex.org/S4306400088","display_name":"UvA-DARE (University of Amsterdam)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I887064364","host_organization_name":"University of Amsterdam","host_organization_lineage":["https://openalex.org/I887064364"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Tsutsui, Y & Hirayama, K 2010, 'How fast do Tokyo and New York stock exchanges respond to each other? An analysis with high-frequency data', Japanese Economic Review, vol. 61, no. 2, pp. 175-201. https://doi.org/10.1111/j.1468-5876.2009.00480.x","raw_type":"info:eu-repo/semantics/article"},{"id":"pmh:oai:RePEc:bla:jecrev:v:61:y:2010:i:2:p:175-201","doi":null,"is_oa":false,"landing_page_url":"http://www.blackwell-synergy.com/doi/abs/10.1111/j.1468-5876.2009.00480.x","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"article"},{"id":"pmh:oai:dare.uva.nl:publications/7c1614be-9673-47ee-96b5-380958ba118e","doi":null,"is_oa":false,"landing_page_url":"https://handle.uba.uva.nl/personal/pure/en/publications/how-fast-do-tokyo-and-new-york-stock-exchanges-respond-to-each-other-an-analysis-with-highfrequency-data(7c1614be-9673-47ee-96b5-380958ba118e).html","pdf_url":null,"source":{"id":"https://openalex.org/S4306400088","display_name":"UvA-DARE (University of Amsterdam)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I887064364","host_organization_name":"University of Amsterdam","host_organization_lineage":["https://openalex.org/I887064364"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Tsutsui, Y & Hirayama, K 2010, 'How fast do Tokyo and New York stock exchanges respond to each other? An analysis with high-frequency data', Japanese Economic Review, vol. 61, no. 2, pp. 175-201. https://doi.org/10.1111/j.1468-5876.2009.00480.x","raw_type":"info:eu-repo/semantics/article"},{"id":"pmh:uvapub:oai:dare.uva.nl:publications/7c1614be-9673-47ee-96b5-380958ba118e","doi":null,"is_oa":false,"landing_page_url":"https://dare.uva.nl/personal/pure/en/publications/how-fast-do-tokyo-and-new-york-stock-exchanges-respond-to-each-other-an-analysis-with-highfrequency-data(7c1614be-9673-47ee-96b5-380958ba118e).html","pdf_url":null,"source":{"id":"https://openalex.org/S4306401843","display_name":"Data Archiving and Networked Services (DANS)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1322597698","host_organization_name":"Royal Netherlands Academy of Arts and Sciences","host_organization_lineage":["https://openalex.org/I1322597698"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Japanese Economic Review, 61(2), 175 - 201. Wiley-Blackwell","raw_type":"info:eu-repo/semantics/article"}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":38,"referenced_works":["https://openalex.org/W1516733421","https://openalex.org/W1537603364","https://openalex.org/W1580408598","https://openalex.org/W1947619380","https://openalex.org/W1965100508","https://openalex.org/W1966367878","https://openalex.org/W1967702748","https://openalex.org/W1979405738","https://openalex.org/W1997050895","https://openalex.org/W1997103606","https://openalex.org/W1998944458","https://openalex.org/W2019975447","https://openalex.org/W2023920423","https://openalex.org/W2035008408","https://openalex.org/W2036394381","https://openalex.org/W2037556547","https://openalex.org/W2040583530","https://openalex.org/W2041802488","https://openalex.org/W2043506059","https://openalex.org/W2048119156","https://openalex.org/W2054463369","https://openalex.org/W2066515290","https://openalex.org/W2067243889","https://openalex.org/W2073543122","https://openalex.org/W2113956873","https://openalex.org/W2115770250","https://openalex.org/W2127223208","https://openalex.org/W2137225252","https://openalex.org/W2146399390","https://openalex.org/W2147840615","https://openalex.org/W2151746005","https://openalex.org/W2158120228","https://openalex.org/W2399527899","https://openalex.org/W2613001510","https://openalex.org/W2889627911","https://openalex.org/W2976871098","https://openalex.org/W3124134944","https://openalex.org/W4235619891"],"related_works":["https://openalex.org/W1550362964","https://openalex.org/W2066699272","https://openalex.org/W2029831463","https://openalex.org/W2755427082","https://openalex.org/W1658841199","https://openalex.org/W2136382700","https://openalex.org/W2253718298","https://openalex.org/W183218455","https://openalex.org/W1966471801","https://openalex.org/W2158195785"],"abstract_inverted_index":null,"counts_by_year":[{"year":2016,"cited_by_count":2},{"year":2015,"cited_by_count":1},{"year":2013,"cited_by_count":1}],"updated_date":"2026-10-27T15:51:10.671819","created_date":"2016-06-24T00:00:00"}