A Model of the Exchange Rate with Informational Frictions
✍ Scribed by Martínez-García, Enrique
- Book ID
- 118139210
- Publisher
- The Berkeley Electronic Press
- Year
- 2010
- Tongue
- English
- Weight
- 840 KB
- Volume
- 10
- Category
- Article
- ISSN
- 2194-6116
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**Praise for *Handbook of Exchange Rates*** “This book is remarkable. I expect it to become *the* anchor reference for people working in the foreign exchange field.” *—Richard K. Lyons, Dean and Professor of Finance,* *Haas School of Business, University of California Berkeley* “It is quite easil
## Abstract When there is a high concentration of informed yen/dollar traders active in Tokyo, theory suggests that there should be a faster adjustment of the yen/dollar exchange rate to the full‐information level. We exploit the data during a period believed to contain a high concentration of info