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Foreign Exchange Trading in Emerging Currencies : More Financial, More Offshore

McCauley, Robert N. - 2013

Foreign exchange turnover evolves in a predictable fashion with increasing income. As income per capita rises, currency … trading cuts loose from underlying current account transactions. In parallel, an increasing share of trading in the currency …

Persistent link: https://www.econbiz.de/10013093730

Downsized FX Markets : Causes and Implications

Moore, Michael - 2016

For the first time in 15 years, FX trading volumes contracted between two consecutive BIS Triennial Surveys. The decline in trading by leveraged institutions and "fast money" traders, and a reduction in risk appetite, have contributed to a significant drop in spot market activity. More active...

Persistent link: https://www.econbiz.de/10012977224

Information Flows in Foreign Exchange Markets : Dissecting Customer Currency Trades

Menkhoff, Lukas - 2016

We study the information in order flows in the world's largest over-the-counter market, the foreign exchange market. The analysis draws on a data set covering a broad cross-section of currencies and different customer segments of foreign exchange endusers. The results suggest that order flows...

Persistent link: https://www.econbiz.de/10013007624

Information Flows in Foreign Exchange Markets : Dissecting Customer Currency Trades

Menkhoff, Lukas - 2016

Persistent link: https://www.econbiz.de/10013008113

Foreign Exchange Volume

Cespa, Giovanni - 2020

-the-counter market. We find volume helps predict next day currency returns and is economically valuable for currency investors …. Predictability implies a stronger currency return reversal for currency pairs with abnormally low volume today, and is driven by the … exchange rate determination, in which volume helps reveal the degree of asymmetric information in currency markets. Testing …

Persistent link: https://www.econbiz.de/10012853916

Currency Manipulation Policy in Emerging Foreign Exchange Markets

Chen, Shiu‐Sheng - 2011

This paper examines the currency manipulation policy in the foreign exchange markets of thirteen emerging countries …

Persistent link: https://www.econbiz.de/10013124443

International Portfolio Rebalancing and Exchange Rate Fluctuations in Thailand

Gyntelberg, Jacob; Loretan, Mico; Subhanij, Tientip; … - 2009

We present empirical evidence that the Thai exchange rate is driven in part by international investors' cross-border portfolio rebalancing decisions. Our results are based on two comprehensive, daily-frequency datasets of foreign exchange and equity market capital flows undertaken by nonresident...

Persistent link: https://www.econbiz.de/10014204547

Carry Trades : Betting Against Safe Haven

Kohler, Daniel - 2007

We examine contagion and flight-to-quality phenomena implied by carry strategies. More specifically, we analyze correlation dynamics between returns on a global equity index and returns on an investment strategy with a long position in high-yield and a short position in low-yield markets....

Persistent link: https://www.econbiz.de/10014051064

How the Rise of East Asian Sovereign Wealth Funds Affected the European Union?

Kaminski, Tomasz - 2016

Europe remains a tempting destination for East Asian SWFs. Almost a third of their investments have been committed to EU countries. Nearly all of the assets have been invested by Chinese and Singaporean funds. The investment policy of East Asian SWFs has significantly evolved over the past few...

Persistent link: https://www.econbiz.de/10012986318

Risk and Return in Retail Forex

Karbalaee, Ali - 2013

Retail Forex as an online CFD market is generally known as a high risk area for traders. This study is focused on existing risks and return possibilities in this market. Risks which may threat traders are surveyed through Liquidity, Credit, and Control, plus Market risks. Value at Risk and...

Persistent link: https://www.econbiz.de/10013083734