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Testing for Market Microstructure Effects in Intraday Volatility : A Reassessment of the Tokyo FX Experiment

Anderson, Torben G. - 1998

trading restrictions in the interbank foreign exchange (FX) market for Japanese banks during the Tokyo lunch period. Ito … of the Tokyo lunch period. Moreover, we document that the standard variance-ratio methodology inference in this high …

Persistent link: https://www.econbiz.de/10012472145

Is There Private Information in the FX Market? The Tokyo Experiment

Ito, Takatoshi - 1997

this view. The evidence comes from the introduction of trading in Tokyo over the lunch-hour. Lunch return variance doubles … private value is transitory. Finally, the morning exhibits a clear U-shape when Tokyo closes over lunch, and it disappears …

Persistent link: https://www.econbiz.de/10012472888

Efficiency of the Tokyo Housing Market

Ito, Takatoshi - 1993

In analyzing the dynamics of Tokyo housing price, we have compiled annual micro data sets from individual listings in a … regressions give estimates of price and rent increases in the last 11 years in Tokyo. According to these estimates, prices …

Persistent link: https://www.econbiz.de/10012474571

Consumption Access and Agglomeration : Evidence from Smartphone Data

Miyauchi, Yuhei; Nakajima, Kentaro; Redding, Stephen - National Bureau of Economic Research - 2021

location of service-sector establishments to measure commuting and non-commuting trips within the Greater Tokyo metropolitan …

Persistent link: https://www.econbiz.de/10012482712

Was the Forex Fixing Fixed?

Ito, Takatoshi - 2015

/settlement price for the day. Major fixings occur at 9:55 am Tokyo time for transactions between Japanese banks and their customers … provision at the fixing time is larger than other times, which makes the price impact of any trade smaller. At the Tokyo fixing … liquidity at the Tokyo fixing as well, such financial institutions had announced prices to be more favorable for banks up until …

Persistent link: https://www.econbiz.de/10012457150

Converting Brown Offices to Green Apartments

Gupta, Arpit; Martinez, Candy; Nieuwerburgh, Stijn van - National Bureau of Economic Research - 2023

The conversion of brown office buildings to green apartments can contribute towards a solution to three pressing issues: oversupply of office in a hybrid-and-remote-work world, shortage of housing, and excessive greenhouse gas emissions. We propose a set of criteria to identify commercial office...

Persistent link: https://www.econbiz.de/10014337764

Is There a New Urbanism? The Growth of U.S. Cities in the 1990s

Glaeser, Edward L. - 2001

The 1990s were an unusually good decade for the largest American cities and, in particular, for the cities of the Midwest. However, fundamentally urban growth in the 1990s looked extremely similar to urban growth during the prior post-war decades. The growth of cities was determined by three...

Persistent link: https://www.econbiz.de/10012470363

Urban Development in the United States, 1690-1990

Kim, Sukkoo - 1999

The United States transformed itself from a rural to an urban society over the last three centuries. After a century of unremarkable growth, the pace of urbanization was historically unprecedented between the nineteenth and early twentieth centuries. In the twentieth century, the urban...

Persistent link: https://www.econbiz.de/10012471674

Information Technology and the Future of Cities

Gaspar, Jess - 1996

Will improvements in information technology eliminate face-to- face interactions and make cities obsolete? In this paper, we present a model where individuals make contacts and choose whether to use electronic or face-to-face meetings in their interactions. Cities are modeled as a means of...

Persistent link: https://www.econbiz.de/10012473286

Comovement in Cities

Shea, John - 1995

Recent research has shown that industries that locate together in space also move together over the business cycle, and that this correspondence between spatial and temporal comovement is important to aggregate volatility. This paper asks whether this correspondence is due to local common shocks...

Persistent link: https://www.econbiz.de/10012473566