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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 …
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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
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
Persistent link: https://www.econbiz.de/10012499887
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
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
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