search query: @indexterm FOREIGN EXCHANGE MARKET / total: 170
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| Author: | Hau, H. Killeen, W. Moore, M. |
| Title: | The euro as an international currency: explaining puzzling first evidence from the foreign exchange markets |
| Journal: | Journal of International Money and Finance
2002 : JUN, VOL. 21:3, p. 351-383 |
| Index terms: | CURRENCY DEUTSCHMARKS EURO FOREIGN EXCHANGE MARKET |
| Language: | eng |
| Abstract: | This paper presents evidence that the bid-ask spreads in euro rates increased relative to the corresponding bid-ask spreads in the German mark (DM) prior to the creation of the currency union. This comes with a decrease in transaction volume in the euro rates relative to the previous DM rates. |
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