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Cables, Sharks and Servers : Technology and the Geography of the Foreign Exchange Market
Eichengreen, Barry - 2016
We analyze the impact of technology on production and trade in services, focusing on the foreign exchange market. We …. Our estimates suggest that the second effect dominates. Technology dampens the impact of spatial frictions by up to 80 … percent and increases, in net terms, the share of offshore trading by 21 percentage points. Technology also has economically …
Persistent link: https://www.econbiz.de/10012993792
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Cables, sharks and servers : technology and the geography of the foreign exchange market
Eichengreen, Barry; Lafarguette, Romain; Mehl, Arnaud - 2016
Persistent link: https://www.econbiz.de/10011448934
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Cables, Sharks and Servers : Technology and the Geography of the Foreign Exchange Market
Eichengreen, Barry - 2016
We analyze the impact of technology on production and trade in services, focusing on the foreign exchange market. We …. Our estimates suggest that the second effect dominates. Technology dampens the impact of spatial frictions by up to 80 … percent and increases, in net terms, the share of offshore trading by 21 percentage points. Technology also has economically …
Persistent link: https://www.econbiz.de/10013001201
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Cables, Sharks and Servers : Technology and the Geography of the Foreign Exchange Market
Eichengreen, Barry - 2016
We analyze the impact of technology on production and trade in services, focusing on the foreign exchange market. We …. Our estimates suggest that the second effect dominates. Technology dampens the impact of spatial frictions by up to 80 … percent and increases, in net terms, the share of offshore trading by 21 percentage points. Technology also has economically …
Persistent link: https://www.econbiz.de/10012456788
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The crisis in the foreign exchange market
Melvin, Michael; Taylor, Mark P. - 2009
The financial crisis of 2007-2008 had major implications for the foreign exchange market. We review events and implications for exchange rates, volatility, returns to currency investing, and transaction costs. This blow-by-blowʺ narrative is intended to be a resource for researchers seeking a...
Persistent link: https://www.econbiz.de/10003861767
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Currency Carry Trades and Global Funding Risk
Nissinen, Juuso; Suominen, Matti; Ferreira Filipe, Sara - 2021
We measure funding constraints in international currency markets by deviations in the covered interest rate parity. Our measure of funding risk is the standard deviation of the magnitude of the funding constraints. This funding risk measure appears to be driven by conditions in the financial...
Persistent link: https://www.econbiz.de/10013244299
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The pricing of FX forward contracts : micro evidence from banks' dollar hedging
Abbassi, Puriya; Bräuning, Falk - 2018 - This version: March 2018
We use transaction-level data on foreign exchange (FX) forward contracts for the period 2014 through 2016 in conjunction with supervisory balance sheet information to study the drivers of banks' dollar hedging costs. Comparing contracts of the same maturity that are initiated during the same...
Persistent link: https://www.econbiz.de/10011911789
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Cross-Border Capital Flows and Information Spillovers across the Equity and Currency Markets in Emerging Economies
Bathia, Deven; Demirer, Riza; Ferrer Lapeña, Roman; … - 2021
This paper presents a novel perspective on the interaction between equity and currency markets in emerging market economies (EMEs) by (i) examining the nonlinear effects of capital flows on return spillovers between the stock and currency markets in a sample of twelve EMEs via the...
Persistent link: https://www.econbiz.de/10013227691
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The Crisis in the Foreign Exchange Market
Melvin, Michael - 2013
The financial crisis of 2007-2008 had major implications for the foreign exchange market. We review events and implications for exchange rates, volatility, returns to currency investing, and transaction costs. This “blow-by-blow” narrative is intended to be a resource for researchers seeking...
Persistent link: https://www.econbiz.de/10013095774
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Exchange market pressure in Indonesia : a univariate Markov switching analysis
Heriqbaldi, Unggul - 2012
The aim of this paper is to analyze the nature of exchange market pressure in the case of the Indonesian economy. More specifically, this paper aims to answer whether there is non-linearity or multiple equilibria in the EMPI. The paper relies on a univariate Markov Switching autoregressive...
Persistent link: https://www.econbiz.de/10009701760