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Information and Learning in Markets: The Impact of Market Microstructure

โœ Scribed by Leon Zolotoy


Book ID
111208834
Publisher
John Wiley and Sons
Year
2011
Tongue
English
Weight
44 KB
Volume
87
Category
Article
ISSN
0013-0249

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We formulate a market microstructure model of exchange determination we employ to investigate the impact of foreign exchange (FX) intervention on exchange rates and on FX market conditions. With our formulation we show: (i) how FX intervention influences exchange rates via both a portfolio-balance a