Articoli correlati a The Microstructure of Foreign Exchange Markets
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The foreign exchange market is the largest, fastest-growing financial market in the world. Yet conventional macroeconomic approaches do not explain why people trade foreign exchange. At the same time, they fail to explain the short-run determinants of the exchange rate.
These nine innovative essays use a microstructure approach to analyze the workings of the foreign exchange market, with special emphasis on institutional aspects and the actual behavior of market participants. They examine the volume of transactions, heterogeneity of traders, the time of day and location of trading, the bid-ask spread, and the high level of exchange rate volatility that has puzzled many observers. They also consider the structure of the market, including such issues as nontransparency, asymmetric information, liquidity trading, the use of automated brokers, the relationship between spot and derivative markets, and the importance of systemic risk in the market.
This timely volume will be essential reading for anyone interested in the economics of international finance.
These nine innovative essays use a microstructure approach to analyze the workings of the foreign exchange market, with special emphasis on institutional aspects and the actual behavior of market participants. They examine the volume of transactions, heterogeneity of traders, the time of day and location of trading, the bid-ask spread, and the high level of exchange rate volatility that has puzzled many observers. They also consider the structure of the market, including such issues as nontransparency, asymmetric information, liquidity trading, the use of automated brokers, the relationship between spot and derivative markets, and the importance of systemic risk in the market.
This timely volume will be essential reading for anyone interested in the economics of international finance.
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The Microstructure of Foreign Exchange Markets National Bureau of Economic Research Conference Report
Editore:
University of Chicago Press, 1996
ISBN 10: 0226260003
ISBN 13: 9780226260006
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gebundene Ausgabe. Condizione: Gut. 346 Seiten Der Erhaltungszustand des hier angebotenen Werks ist trotz seiner Bibliotheksnutzung sehr sauber und kann entsprechende Merkmale aufweisen (Rückenschild, Instituts-Stempel.). Original-Schutzumschlag vorhanden (siehe Foto). In ENGLISCHER Sprache. Sprache: Englisch Gewicht in Gramm: 680. Codice articolo 2157780
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The Microstructure of foreign exchange markets. (A National Bureau of Economic Research conference report). Ex-Library.
ISBN 10: 0226260003
ISBN 13: 9780226260006
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Da: Yushodo Co., Ltd., Fuefuki-shi, Yamanashi Pref., Giappone
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Hardcover. Condizione: Good. No Jacket. x, 346 p. Codice articolo GU4106
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The Microstructure of Foreign Exchange Markets
Editore:
University of Chicago Press, Chicago, Illinois, 1996
ISBN 10: 0226260003
ISBN 13: 9780226260006
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Da: Doss-Haus Books, Redondo Beach, CA, U.S.A.
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Hardcover. Condizione: Very Good. Condizione sovraccoperta: Very Good. Hardcover 1996 edition. Dust jacket shows fading to spine. Binding firm. Pages unmarked and clean. Covers and text in very good condition. [346 pages]. Codice articolo 012686
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