The thesis consists of empirical studies on currency market as well as US equity market. A new volatility estimator … using wavelets is proposed and used to analyze financial markets. Currency tick data are analyzed to determine the effects …

, the largest financial market in the world. Whilst the market itself is not new, the concept of currency as an alternative … in foreign investing combined with record high levels of currency volatility raised the importance and immediacy of … foreign exchange risk. This dissertation applies several copulas to model the dependency between a chosen currency pair, and …

establishment of the single market and the adoption of the euro by around half the countries as their single currency. In this study … group of countries that share a single market and a single currency. …

South Korea in the period after the currency markets were liberalized and the limits on foreign investments were lifted. It … was found that trading in the spot currency market was impacted by volatility in the daily Won/USD rates. As the daily …

suggested by the goods market theory for an export-oriented economy. We documented that after local currency appreciation, 'hot … market into a high level based on the expectation of the local currency's further appreciation. …