haku: @author Hartmann, P. / yhteensä: 7
viite: 2 / 7
| Tekijä: | Detken, C. Hartmann, P. |
| Otsikko: | Features of the euro's role in international financial markets |
| Lehti: | Economic Policy
2002 : OCT, 35, p. 553-570 |
| Asiasana: | EURO FINANCIAL MARKETS ANALYTICAL REVIEW BIDDING |
| Kieli: | eng |
| Tiivistelmä: | Three óears after the euro's introduction, the authors discuss its role in foreign exchange and international debt securities markets on the basis of a comprehensive set of data sources. In spot foreign exchange markets the euro's role resembles that of the deutschemark, with a dominant position in the Nordic and several Central European countries. Transaction costs in the important dollar-euro market are larger than they used to be for dollar-mark, but the same does not hold for any other major spot market. The authors discuss how this phenomenon may be explained by persistence of bid-ask quoting conventions in this market in the face of changed nominal parities. |
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