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The Microstructure of Foreign Exchange Markets
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The Microstructure of Foreign Exchange Markets Hardcover - 1996

by Jeffrey A. Frankel (Editor); Giampaolo Galli (Editor); Alberto Giovannini (Editor)


From the publisher

The foreign exchange market is the largest, fastest-growing financial market in the world. Yet conventional macroeconomic approaches do not explain why people trade foreign exchange. At the same time, they fail to explain the short-run determinants of the exchange rate. These nine innovative essays use a microstructure approach to analyze the workings of the foreign exchange market, with special emphasis on institutional aspects and the actual behavior of market participants. They examine the volume of transactions, heterogeneity of traders, the time of day and location of trading, the bid-ask spread, and the high level of exchange rate volatility that has puzzled many observers. They also consider the structure of the market, including such issues as nontransparency, asymmetric information, liquidity trading, the use of automated brokers, the relationship between spot and derivative markets, and the importance of systemic risk in the market. This timely volume will be essential reading for anyone interested in the economics of international finance.

Details

  • Title The Microstructure of Foreign Exchange Markets
  • Author Jeffrey A. Frankel (Editor); Giampaolo Galli (Editor); Alberto Giovannini (Editor)
  • Binding Hardcover
  • Edition 2nd
  • Pages 356
  • Volumes 1
  • Language ENG
  • Publisher University of Chicago Press, Chicago, Illinois
  • Date 1996-06
  • Illustrated Yes
  • ISBN 9780226260006 / 0226260003
  • Weight 1.42 lbs (0.64 kg)
  • Dimensions 9 x 6 x 1.03 in (22.86 x 15.24 x 2.62 cm)
  • Library of Congress subjects Foreign exchange - Congresses
  • Library of Congress Catalog Number 95043757
  • Dewey Decimal Code 332.45
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The Microstructure of Foreign Exchange Markets
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The Microstructure of Foreign Exchange Markets
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The Microstructure of Foreign Exchange Markets

by Frankel, Jeffrey A.; Galli, Giampaolo; Giovannini, Alberto

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Chicago, Illinois: University of Chicago Press, 1996. Book. Very Good. Hardcover. 8vo - over 7¾" - 9¾" tall. Hardcover 1996 edition. Dust jacket shows fading to spine. Binding firm. Pages unmarked and clean. Covers and text in very good condition. [346 pages].
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by Frankel, Jeffrey A. [Editor]; Galli, Giampaolo [Editor]; Giovannini, Alberto [Editor];

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The Microstructure of Foreign Exchange Markets (National Bureau of Economic Research Conference Report)

by Editor-Jeffrey A. Frankel; Editor-Giampaolo Galli; Editor-Alberto Giovannini

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