| Record ID | marc_overdrive/InternetArchiveCrMarc-2010-06-11i.mrc:5160809:2378 |
| Source | marc_overdrive |
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LEADER: 02378nam 2200265Ka 4500
008 000000s2009 nyu s 000 0 eng d
040 $aTEFOD$cTEFOD
006 m d
007 cr cn---------
020 $a9780226260235 (electronic bk. : Adobe Digital Editions)
037 $bOverDrive, Inc.$nhttp://www.overdrive.com
100 1 $aFrankel, Jeffrey A $q(Jeffrey A Frankel).
245 14 $aThe Microstructure of Foreign Exchange Markets$h[electronic resource].
260 $aChicago :$bUniversity of Chicago Press,$c2009.
500 $aTitle from eBook information screen.
520 $aThe foreign exchange market is the largest, fastest-growing financial market in the world. Yet conventional macroeconomic approaches do not explain why people trade foreign exchange. At the same time, they fail to explain the short-run determinants of the exchange rate. These nine innovative essays use a microstructure approach to analyze the workings of the foreign exchange market, with special emphasis on institutional aspects and the actual behavior of market participants. They examine the volume of transactions, heterogeneity of traders, the time of day and location of trading, the bid-ask spread, and the high level of exchange rate volatility that has puzzled many observers. They also consider the structure of the market, including such issues as nontransparency, asymmetric information, liquidity trading, the use of automated brokers, the relationship between spot and derivative markets, and the importance of systemic risk in the market.This timely volume will be essential reading for anyone interested in the economics of international finance.
533 $aElectronic reproduction.$bChicago :$cUniversity of Chicago Press,$d2009.$nRequires Adobe Digital Editions (file size: 16004 KB).
538 $aRequires Adobe Digital Editions (file size: 16004 KB).
653 #0 $aBusiness
653 #0 $aNonfiction
655 7 $aElectronic books.$2local
776 1 $cOriginal$z9780226260006
856 4 $uhttp://search.overdrive.com/SearchResults.aspx?ReserveID={7ABEEF13-E234-4787-B6C0-73D497813D32}$zClick for library availability
856 4 $uhttp://www.librarybin.com/ContentDetails.htm?ID=7ABEEF13-E234-4787-B6C0-73D497813D32$zClick to purchase
856 4 $3Image$uhttp://images.contentreserve.com/ImageType-100/1406-1/{7ABEEF13-E234-4787-B6C0-73D497813D32}Img100.jpg