This paper provides empirical evidence on the relationship between order size, volatility and spread in the foreign exchange market based on a FX dealer's quotes. It uses a new data set that includes intra-daily data on trading volumes. The results are broadly consistent with the findings of the...

This paper surveys the foreign exchange markets, money and secondary government security markets, and stock exchanges in 107 smaller economy countries. The underdevelopment of these markets impedes risk transfer, monetary policy, corporate financing, and the capacity to absorb capital inflows....

Noch nie hat sich die Weltwirtschaft so schnell und so stark ausgedehnt wie in den vergangenen 20 Jahren. Vor allem gesunkene Transport- und Kommunikationskosten und liberalisierte Güter- und Kapitalmärkte tragen zur weiteren Intensivierung und Vertiefung der internationalen...