search query: @author Chinn, M. D. / total: 4
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| Author: | Cheung, Y.-W. Chinn, M. D. |
| Title: | Currency traders and exchange rate dynamics: a survey of the US market |
| Journal: | Journal of International Money and Finance
2001 : AUG, VOL. 20:4, p. 439-472 |
| Index terms: | CURRENCY CURRENCY MARKETS EXCHANGE RATES USA |
| Language: | eng |
| Abstract: | The authors report findings from a survey of United States foreign exchange traders. The authors' results indicate that: (i) in recent years electronically-brokered transactions have risen substantially, mostly at the expense of traditional brokers; (ii) the market norm is an important determinant of interbank bid-ask spread and the most widely-cited reason for deviating from the conventional bid-ask spread is a thin/hectic market; (iii) half or more of market respondents believe that large players dominate in the dollar-pound and dollar-Swiss franc markets; (iv) technical trading best characterizes about 30% of traders, with this proportion rising from five years ago; (v) news about macroeconomic variables is rapidly incorporated into exchange rates. The authors also provide other results. |
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