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Trading activity and exchange rates in high-frequency EBS data
Chaboud, Alain P.; Chernenko, Sergey V.; Wright, Jonathan H. - Federal Reserve Board (Board of Governors of the … - 2007
The absence of data has, until now, precluded virtually all research on trading volume in the foreign exchange market. This paper introduces a new high-frequency foreign exchange dataset from EBS (Electronic Broking Service) that includes trading volume in the global interdealer spot market. The...
Persistent link: https://www.econbiz.de/10005368281
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Border effects within the NAFTA countries
Rogers, John H.; Smith, Hayden P. - Federal Reserve Board (Board of Governors of the … - 2001
Using consumer price indexes from cities in the U.S., Canada and Mexico, we estimate the "border effect" on U.S.-Mexican relative prices and find that it is nearly an order of magnitude larger than for U.S.-Canadian prices. However, during a very stable sub-period in Mexico (May 1988 to November...
Persistent link: https://www.econbiz.de/10005368355
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The demand for trade credit: an investigation of motives for trade credit use by small businesses
Elliehausen, Gregory E.; Wolken, John D. - Federal Reserve Board (Board of Governors of the … - 1993
Trade credit--credit extended by a seller who does not require immediate payment for delivery of a product--is an …' nonmortgage loans from banks. Trade credit apparently is especially important for small businesses: In the same year, it accounted … for about 20 percent of small firms' liabilities. ; Businesses that choose to finance their purchases through trade credit …
Persistent link: https://www.econbiz.de/10005401507
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Trade prices and volumes in East Asia through the crisis
Barth, Marvin; Dinmore, Trevor - Federal Reserve Board (Board of Governors of the … - 1999
countries have collectively seen an improvement in their terms of trade during the crisis, reversing pre-crisis declines. The …
Persistent link: https://www.econbiz.de/10005372616
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Exchange-rate effects on China’s trade: an interim report
Marquez, Jaime; Schindler, John W. - Federal Reserve Board (Board of Governors of the … - 2006
Though China's share of world trade is comparable to that of Japan, little is known about the response of China's trade … to changes in exchange rates. The few estimates available suffer from two limitations. First, the data for trade prices … empirical model explaining the shares of China's exports and imports in world trade in terms of the real effective value of the …
Persistent link: https://www.econbiz.de/10005712652