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MODELLING THE WORLD EXCHANGE RATES:DYNAMICS, VOLATILITY AND FORECASTING
Nwaobi, Godwin - Volkswirtschaftliche Fakultät, … - 2008
Indeed, the specification of equilibrium in the world economy depends on the exchange rate regime and thus, the early … foreign exchange markets. However, the world has known several exchange rate systems beginning with the fixed-gold standard … exchange was deregulated, independent traders finally had access to the biggest trading market of the world; and these forex …
Persistent link: https://www.econbiz.de/10005619306
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Herding and the Information Content of Trades in the Australian Dollar Market
Carpenter, Andrew - 2008
This study shows that the information content of FX transactions depends on the identity of market participants. Using spot FX transactions of a major Australian bank, we find that central banks have the greatest price impact, followed by non-bank financial institutions (NBFIs) such as hedge...
Persistent link: https://www.econbiz.de/10012773999
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Speculative Attacks, Forward Market Intervention and the Classic Bear Squeeze
Lall, Subir - 2006
A typical strategy used by speculators to launch an attack on a fixed exchange regime is the use of forward markets. Central banks also intervene in forward markets to counter speculation. This paper addresses the question of how an attack is launched on the forward market, and what the optimal...
Persistent link: https://www.econbiz.de/10012781965
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What drives the growth in FX activity? Interpreting the 2007 triennial survey
Galati, Gabriele; Heath, Alexandra - In: BIS Quarterly Review (2007) December
The most recent BIS triennial survey shows that turnover in foreign exchange markets increased by more than 70% over the three years to April 2007. Two specific findings stand out. First, the growth in transactions between banks and other financial institutions was particularly strong,...
Persistent link: https://www.econbiz.de/10005063271
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FX and derivatives markets in emerging economies and the internationalisation of their currencies
Ehlers, Torsten; Packer, Frank - In: BIS Quarterly Review (2013) December
Derivatives markets in emerging economies have continued to grow since 2010, driven mostly by very strong growth in the OTC market. Emerging market currencies have become more international as offshore markets are a major contributor to FX turnover. The Chinese renminbi is actively traded within...
Persistent link: https://www.econbiz.de/10010721033
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Derivatives in emerging markets
Mihaljek, Dubravko; Packer, Frank - In: BIS Quarterly Review (2010) December
Turnover of derivatives has grown more rapidly in emerging markets than in developed countries. Foreign exchange derivatives are the most commonly traded of all risk categories, with increasingly frequent turnover in emerging market currencies and a growing share of cross-border transactions. As...
Persistent link: https://www.econbiz.de/10008763371
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International Liquidity and Exchange Rate Dynamics
Gabaix, Xavier; Maggiori, Matteo - National Bureau of Economic Research (NBER) - 2014
their required compensation for holding currency risk, thus impacting both the level and volatility of exchange rates. Our …
Persistent link: https://www.econbiz.de/10011196774
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International Liquidity and Exchange Rate Dynamics
Gabaix, Xavier; Maggiori, Matteo - C.E.P.R. Discussion Papers - 2014
their required compensation for holding currency risk, thus impacting both the level and volatility of exchange rates. Our …
Persistent link: https://www.econbiz.de/10011083240
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The Impact of Exchange Rate Volatility on Trade: A Panel Study on Pakistan’s Trading Partners
Khan, Abdul Jalil; Azim, Parvez; Syed, Shabib Haider - In: Lahore Journal of Economics 19 (2014) 1, pp. 31-66
This study investigates the impact of domestic and foreign currency-valued exchange rate volatility on the export and … least-squares dummy variable technique with fixed-effects estimation to measure the volatility impact on both demand … functions. The study evaluates a series of exchange rates from 1970:01 to 2009:12 to compare the long-run impact of volatility …
Persistent link: https://www.econbiz.de/10010861908
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STUDIES ON FINANCIAL MARKETS IN EAST ASIA
Susai, Masayuki (contributor); Uchida, Shigeru (contributor) - World Scientific Publishing Co. Pte. Ltd.
This book will be an important addition to the limited number of books that discuss finance and accounting issues in East Asian countries. While presenting recent empirical studies on finance and accounting in East Asian economies, it also reveals the underlying reasons for remarkable economic...
Persistent link: https://www.econbiz.de/10010883054