Yu, Hai-Chin; Chiou, Ingyu; Jordan-Wagner, James - In: Applied Economics 40 (2008) 20, pp. 2631-2643
Using probability distribution techniques, this article explores whether any differences exist between the returns and volatility of yen/dollar spot markets in Tokyo, London and New York. After the intraday returns were fit into probability distributions, New York is found to have the highest...