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Foreign Exchange Dealing. Essays on the Microstructure of the Foreign Exchange Market

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  • Suvanto, Antti
Abstract
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Suggested Citation

  • Suvanto, Antti, . "Foreign Exchange Dealing. Essays on the Microstructure of the Foreign Exchange Market," ETLA A, The Research Institute of the Finnish Economy, number 19, June.
    • Handle: RePEc:rif:abooks:19
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    File URL: http://www.etla.fi/wp-content/uploads/A19.pdf
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    References listed on IDEAS

    as
    1. Merton H. Miller & Daniel Orr, 1966. "A Model of the Demand for Money by Firms," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 80(3), pages 413-435.
    2. Krugman, Paul, 1980. "Vehicle Currencies and the Structure of International Exchange," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 12(3), pages 513-526, August.
    3. repec:bla:jfinan:v:43:y:1988:i:3:p:617-37 is not listed on IDEAS
    4. Amihud, Yakov & Mendelson, Haim, 1980. "Dealership market : Market-making with inventory," Journal of Financial Economics, Elsevier, vol. 8(1), pages 31-53, March.
    5. Willett, Thomas D, 1969. "Adequacy of International Means of Payments," The Review of Economics and Statistics, MIT Press, vol. 51(3), pages 373-374, August.
    6. Stoll, Hans R, 1978. "The Supply of Dealer Services in Securities Markets," Journal of Finance, American Finance Association, vol. 33(4), pages 1133-1151, September.
    7. Niehans, Jurg, 1971. "Money and Barter in General Equilibrium with Transaction Costs," American Economic Review, American Economic Association, vol. 61(5), pages 773-783, December.
    8. William J. Baumol, 1952. "The Transactions Demand for Cash: An Inventory Theoretic Approach," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 66(4), pages 545-556.
    9. Ho, Thomas & Stoll, Hans R, 1980. "On Dealer Markets under Competition," Journal of Finance, American Finance Association, vol. 35(2), pages 259-267, May.
    10. Jack Hirshleifer, 1973. "Exchange Theory- The Missing Chapter," UCLA Economics Working Papers 035, UCLA Department of Economics.
    11. Garman, Mark B., 1976. "Market microstructure," Journal of Financial Economics, Elsevier, vol. 3(3), pages 257-275, June.
    12. Begg, David, 1989. "Floating Exchange Rates in Theory and Practice," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 5(3), pages 24-39, Autumn.
    13. Glosten, Lawrence R. & Milgrom, Paul R., 1985. "Bid, ask and transaction prices in a specialist market with heterogeneously informed traders," Journal of Financial Economics, Elsevier, vol. 14(1), pages 71-100, March.
    14. Grossman, S.J. & Miller, M.H., 1988. "Liquidity And Market Structure," Papers 88, Princeton, Department of Economics - Financial Research Center.
    15. Jones, Robert A, 1976. "The Origin and Development of Media of Exchange," Journal of Political Economy, University of Chicago Press, vol. 84(4), pages 757-775, August.
    16. Ho, Thomas & Stoll, Hans R., 1981. "Optimal dealer pricing under transactions and return uncertainty," Journal of Financial Economics, Elsevier, vol. 9(1), pages 47-73, March.
    17. Milbourne, Ross, 1983. "Optimal Money Holding under Uncertainty," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 24(3), pages 685-698, October.
    18. Kathleen Hagerty, 1991. "Equilibrium Bid-Ask Spreads in Markets with Multiple Assets," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 58(2), pages 237-257.
    19. McKinnon, Ronald I., 1979. "Money in International Exchange: The Convertible Currency System," OUP Catalogue, Oxford University Press, number 9780195024098.
    20. Harold Demsetz, 1968. "The Cost of Transacting," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 82(1), pages 33-53.
    21. Magee, Stephen P & Rao, Ramesh K S, 1980. "Vehicle and Nonvehicle Currencies in International Trade," American Economic Review, American Economic Association, vol. 70(2), pages 368-373, May.
    22. Grossman, Sanford J & Stiglitz, Joseph E, 1976. "Information and Competitive Price Systems," American Economic Review, American Economic Association, vol. 66(2), pages 246-253, May.
    23. Seha M. Tinic, 1972. "The Economics of Liquidity Services," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 86(1), pages 79-93.
    24. repec:bla:econom:v:55:y:1988:i:220:p:437-60 is not listed on IDEAS
    25. Fama, Eugene F, 1970. "Efficient Capital Markets: A Review of Theory and Empirical Work," Journal of Finance, American Finance Association, vol. 25(2), pages 383-417, May.
    26. Kyle, Albert S, 1985. "Continuous Auctions and Insider Trading," Econometrica, Econometric Society, vol. 53(6), pages 1315-1335, November.
    27. Zabel, Edward, 1981. "Competitive Price Adjustment without Market Clearing," Econometrica, Econometric Society, vol. 49(5), pages 1201-1221, September.
    28. Eppen, Gary D & Fama, Eugene F, 1969. "Cash Balance and Simple Dynamic Portfolio Problems with Proportional Costs," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 10(2), pages 119-133, June.
    29. Brunner, Karl & Meltzer, Allan H, 1971. "The Uses of Money: Money in the Theory of an Exchange Economy," American Economic Review, American Economic Association, vol. 61(5), pages 784-805, December.
    30. Dornbusch, Rudiger & Pechman, Clarice, 1985. "The Bid-Ask Spread in the Black Market for Dollars in Brazil: A Note," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 17(4), pages 517-520, November.
    31. Leland B. Yeager, 1959. "The Misconceived Problem Of International Liquidity," Journal of Finance, American Finance Association, vol. 14(3), pages 347-360, September.
    32. Officer, Lawrence H, 1976. "The Demand for International Liquidity: A Test of the Square-Root Law," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 8(3), pages 325-337, August.
    33. Wasserfallen, Walter, 1989. "Flexible exchange rates : A closer look," Journal of Monetary Economics, Elsevier, vol. 23(3), pages 511-521, May.
    34. Unknown, 1969. "Recent Developments in Farm Planning: Introduction," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 37(02), pages 1-1, June.
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    Cited by:

    1. William Perraudin & Paolo Vitale, 1996. "Interdealer Trade and Information Flows in a Decentralized Foreign Exchange Market," NBER Chapters, in: The Microstructure of Foreign Exchange Markets, pages 73-106, National Bureau of Economic Research, Inc.
    2. John T. Harvey, 2006. "Psychological and Institutional Forces and the Determination of Exchange Rates," Journal of Economic Issues, Taylor & Francis Journals, vol. 40(1), pages 153-170, March.
    3. John T. Harvey & Stephen F. Quinn, 1997. "Expectations and Rational Expectations in the Foreign Exchange Market," Journal of Economic Issues, Taylor & Francis Journals, vol. 31(2), pages 615-622, June.
    4. John Harvey, 2001. "Psychological and Institutional Forces and the Determination of Exchange Rates," Working Papers 200101, Texas Christian University, Department of Economics.

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