Kontext -- Mikrostrukturelle Erklärung der Preisbildung am Devisenmarkt -- Analyse von Devisenmarktinterventionen in … Erklärung der Preisbildung am Devisenmarkt Analyse von Devisenmarktinterventionen in Mikrostrukturmodellen Zusammenhang …

the pricing of European-style foreign currency options and for the volatility strike structure implicit in these contracts … is devoloped. The curvature of the volatility strike structure is explained by focusing attention on the expected … characteristic convex shape of volatility strike structures documented in the empirical literature. A volatility-based test for …