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The continuous debate and research related to High Frequency Trading emphasises the importance of performing analysis on topics associated with the interaction of traders with different trading speeds, and the effects of this interaction on price efficiency and market quality. The aim of this...
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Over 85% of all foreign exchange (FX) transactions involve the US dollar. I show that the US dollar dominates FX trading volume because of strategic avoidance of price impact. To demonstrate this, I leverage the fact that non-dollar currency pairs can be traded indirectly by using the US dollar...
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rising importance of general budget support, have reduced the fragmentation of aid. Nevertheless, our results reveal that aid … fragmentation persisted after the Paris Declaration and coordination among donors has even weakened. …
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