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Profits and Speculation in Intra-Day Foreign Exchange Trading
Mende, Alexander; Menkhoff, Lukas - 2006
This study examines profits and speculation in the USD/EUR trading of a bank in Germany over a four-month period …. Dealing activity at the bank generates profits but speculation does not seem to contribute to this. We find that speculative … reveals that there is hardly any room for revenues from speculation. …
Persistent link: https://www.econbiz.de/10010262956
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Profits and Speculation in Intra-Day Foreign Exchange Trading
Mende, Alexander; Menkhoff, Lukas - Wirtschaftswissenschaftliche Fakultät, Leibniz … - 2006
This study examines profits and speculation in the USD/EUR trading of a bank in Germany over a four-month period …. Dealing activity at the bank generates profits but speculation does not seem to contribute to this. We find that speculative … reveals that there is hardly any room for revenues from speculation. …
Persistent link: https://www.econbiz.de/10005138909
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Large' vs. 'small' players: a closer look at the dynamics of speculative attacks
Bjønnes, Geir H.; Holden, Steinar; Rime, Dagfinn; … - 2009
early in order to induce speculation by small players, or wait so as to benefit from a high interest rate prior to the …
Persistent link: https://www.econbiz.de/10010276829
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Liquidity provision in the overnight foreign exchange market
Bjønnes, Geir Høidal; Rime, Dagfinn; Solheim, Haakon … - 2004
We presents evidence that non-financial customers are the main liquidity providers in the overnight foreign exchange market using a unique daily data set covering almost all transactions in the SEK/EUR market over almost ten years. Two main findings support this: (i) The net position of...
Persistent link: https://www.econbiz.de/10011968161
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Liquidity Provision in the Overnight Foreign Exchange Market
Bjønnes, Geir Høidal; Rime, Dagfinn; Solheim, Haakon - 2004
We presents evidence that non-financial customers are the main liquidity providers in the overnight foreign exchange market using a unique daily data set covering almost all transactions in the SEK/EUR market over almost ten years. Two main findings support this: (i) The net position of...
Persistent link: https://www.econbiz.de/10012143627
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Large' vs. 'Small' Players: A Closer Look at the Dynamics of Speculative Attacks
Bjønnes, Geir Høidal; Holden, Steinar; Rime, Dagfinn; … - 2007
early in order to induce speculation by small players, or wait so as to benefit from a high interest rate prior to the …
Persistent link: https://www.econbiz.de/10012143649
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Order flow in the South: Anatomy of the Brazilian FX market
Wu, Thomas - 2007
This paper contributes to the microstructure approach to exchange rates in two ways. Using a unique dataset that covers …
Persistent link: https://www.econbiz.de/10010285344
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FX trading and Exchange Rate Dynamics
Evans, Martin - Georgetown University, Department of Economics - 2000
This paper provides new perspective on the poor performance of exchange rate models by focusing on the information structure of FX trading. I present a new theoretical model of FX trading that emphasizes the role of incomplete and heterogeneous information. The model shows how an equilibrium...
Persistent link: https://www.econbiz.de/10005396403
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Liquidity provision in the overnight foreign exchange market
Bjønnes, Geir Høidal; Rime, Dagfinn; Solheim, Haakon … - Statistisk Sentralbyrå, Government of Norway - 2004
We presents evidence that non-financial customers are the main liquidity providers in the overnight foreign exchange market using a unique daily data set covering almost all transactions in the SEK/EUR market over almost ten years. Two main findings support this: (i) The net position of...
Persistent link: https://www.econbiz.de/10004980571
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Liquidity provision in the overnight foreign exchange market
Bjønnes, Geir Høidal; Rime, Dagfinn; Solheim, Haakon … - Norges Bank - 2004
We presents evidence that non-financial customers are the main liquidity providers in the overnight foreign exchange market using a unique daily data set covering almost all transactions in the SEK/EUR market over almost ten years. Two main findings support this: (i) The net position of...
Persistent link: https://www.econbiz.de/10005063082