haku: @author Naranjo, A. / yhteensä: 2
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| Tekijä: | Naranjo, A. Nimalendran, M. |
| Otsikko: | Government intervention and adverse selection costs in foreign exchange markets |
| Lehti: | Review of Financial Studies
2000 : SUMMER, VOL. 13:2, p. 453-477 |
| Asiasana: | ADVERSE SELECTION COSTS GOVERNMENT |
| Kieli: | eng |
| Tiivistelmä: | An important group of traders in the foreign exchange market is governments who often adhere to a foreign exchange rate policy of occasional interventions with otherwise floating rates. In this article, the authors provide a theoretical model and empirical evidence that government foreign exchange interventions create significant adverse selection problems for dealers. |
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