Asset Details
Do you wish to reserve the book?
How do UK-based foreign exchange dealers think their market operates?
Hey, we have placed the reservation for you!
By the way, why not check out events that you can attend while you pick your title.
Oops! Something went wrong.
Looks like we were not able to place the reservation. Kindly try again later.
Are you sure you want to remove the book from the shelf?
How do UK-based foreign exchange dealers think their market operates?
Do you wish to request the book?
How do UK-based foreign exchange dealers think their market operates?
Please be aware that the book you have requested cannot be checked out. If you would like to checkout this book, you can reserve another copy
We have requested the book for you!
Your request is successful and it will be processed during the Library working hours. Please check the status of your request in My Requests.
Oops! Something went wrong.
Looks like we were not able to place your request. Kindly try again later.
Journal Article
How do UK-based foreign exchange dealers think their market operates?
2004
Overview
This paper summarizes the results of a survey of UK‐based foreign exchange dealers conducted in 1998. It addresses topics in three main areas: the microeconomic operation of the foreign exchange market; the beliefs of dealers regarding the importance, or otherwise, of observable macroeconomic fundamental factors in affecting exchange rates; microstructure factors in FX. We find that heterogeneity of traders' beliefs is evident from the results but that it is not possible to explain such disagreements in terms of institutional detail, rank or trading technique (e.g. technical analysts versus fundamentalists). As expected, non‐observable fundamental factors are thought to dominate short horizon changes in exchange rates, but observable fundamentals are deemed important over much shorter horizons than the mainstream empirical literature would suggest. Finally, market ‘norms’ and behavioural phenomena are very strong in the FX market and appear to be key determinants of the bid–ask spread. Copyright © 2004 John Wiley & Sons, Ltd.
Publisher
John Wiley & Sons, Ltd,Wiley Periodicals Inc
We currently cannot retrieve any items related to this title. Kindly check back at a later time.