Machnes, Yaffa - In: Emerging Markets Finance and Trade 42 (2006) 3, pp. 91-97
This paper estimates the interrelation between the spot exchange rate of the Israeli currency, the new Israeli shekel, to the U.S. dollar, and the trading volumes of put and call options on the U.S. dollar in the Tel Aviv Stock Exchange. An increase in the trading volume of calls is positively...