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Transparency in the foreign exchange market and the volume of international trade

Broll, Udo (contributor); Eckwert, Bernhard (contributor) - 2003

In this paper we study the impact of more transparency in the foreign exchange market on the ex ante expected volume of international trade. Transparency is measured by the informational content of publicly observed signals correlated to the random exchange rate. We find that more transparency...

Persistent link: https://www.econbiz.de/10001844397