Liquidity provision in the overnight foreign exchange market
نویسندگان
چکیده
منابع مشابه
The Effectiveness of Macroeconomic Variables on Foreign Exchange Market
This study investigates the effects of macroeconomic variables and their role in development of foreign exchange market. The foreign exchange market is the mechanism by which a person of firm transfers purchasing power form one country to another, obtains or provides credit for international trade transactions, and minimizes exposure to foreign exchange risk. The foreign exchange transaction i...
متن کاملThe Effectiveness of Macroeconomic Variables on Foreign Exchange Market
This study investigates the effects of macroeconomic variables and their role in development of foreign exchange market. The foreign exchange market is the mechanism by which a person of firm transfers purchasing power form one country to another, obtains or provides credit for international trade transactions, and minimizes exposure to foreign exchange risk. The foreign exchange transaction i...
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The adverse effect of currency volatility on international trade has prompted the inception of the European Monetary System (EMS) and other measures of international policy coordination aimed at reducing intracurrency variability. Until "Black Wednesday" in September 1992 the EMS had some sucess in this objective, but following pressure on the Italian Lira, other ERM currencies (viz. Sterling, ...
متن کاملInverse Statistics in the Foreign Exchange Market
We investigate intra-day foreign exchange (FX) time series using the inverse statistic analysis developed in [1,2]. Specifically, we study the time-averaged distributions of waiting times needed to obtain a certain increase (decrease) ρ in the price of an investment. The analysis is performed for the Deutsch Mark (DM) against the $US for the full year of 1998, but similar results are obtained f...
متن کاملThe Effectiveness of Macroeconomic Variables on Foreign Exchange Market
This study investigates the effects of macroeconomic variables and their role in development of foreign exchange market. The foreign exchange market is the mechanism by which a person of firm transfers purchasing power form one country to another, obtains or provides credit for international trade transactions, and minimizes exposure to foreign exchange risk. The foreign exchange transaction i...
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ژورنال
عنوان ژورنال: Journal of International Money and Finance
سال: 2005
ISSN: 0261-5606
DOI: 10.1016/j.jimonfin.2004.12.003