The Market Microstructure Approach to Foreign Exchange: Looking Back and Looking Forward
نویسندگان
چکیده
منابع مشابه
The Market Microstructure Approach to Foreign Exchange: Looking Back and Looking Forward
Research on foreign exchange market microstructure stresses the importance of order flow, heterogeneity among agents, and private information as crucial determinants of short-run exchange rate dynamics. Microstructure researchers have produced empiricallydriven models that fit the data surprisingly well. But FX markets are evolving rapidly in response to new electronic trading technologies. Tra...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2013
ISSN: 1556-5068
DOI: 10.2139/ssrn.2268871