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The Informational Efficiency of Monetary Exchange

✍ Scribed by Joseph M. Ostroy

Book ID
125654511
Publisher
American Economic Association
Year
1973
Tongue
English
Weight
463 KB
Volume
63
Category
Article
ISSN
0002-8282

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πŸ“œ SIMILAR VOLUMES

Tokyo insiders and the informational eff
Tokyo insiders and the informational efficiency of the yen/dollar exchange rate
✍ Vicentiu Covrig; Michael Melvin πŸ“‚ Article πŸ“… 2005 πŸ› John Wiley and Sons 🌐 English βš– 118 KB πŸ‘ 1 views

## 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