Explaining trading volume in the euro
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Janusz Brzeszczynski; Michael Melvin
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Article
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2006
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John Wiley and Sons
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English
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## Abstract Following the introduction of the euro in 1999, daily trade volume began a downward trend until early 2002, after which daily volume started to trend upward. A model of weekly trades suggests that changes in momentum as well as the carry trade motives of interest differentials are signi