Day Trading Skill 110523
... analyze the day trading of Small Order Execution System (SOES) bandits using trading records from two brokers. To do so, they analyze roughly 20,000 trades over a threeweek period. Though the SOES traders lose money almost as frequently as they make money, they earn a small average profit per trade. ...
... analyze the day trading of Small Order Execution System (SOES) bandits using trading records from two brokers. To do so, they analyze roughly 20,000 trades over a threeweek period. Though the SOES traders lose money almost as frequently as they make money, they earn a small average profit per trade. ...
S0412976_en.pdf
... growth are those that allow the exchange rate to stay flexible and take on relatively depreciated values. In these terms, all other things being equal, policy-makers who emphasize stability objectives will prefer “harder” regimes and exchange-rate appreciation, while policy-makers more focused on gr ...
... growth are those that allow the exchange rate to stay flexible and take on relatively depreciated values. In these terms, all other things being equal, policy-makers who emphasize stability objectives will prefer “harder” regimes and exchange-rate appreciation, while policy-makers more focused on gr ...
IMF World Economic Outlook, May 1998-
... various crises that modern institutions and practices such as the lender-of-last-resort function of central banks, deposit insurance, prudential and regulatory standards, and international financial arrangements— especially the IMF itself—were established and evolved. Not only are financial crises n ...
... various crises that modern institutions and practices such as the lender-of-last-resort function of central banks, deposit insurance, prudential and regulatory standards, and international financial arrangements— especially the IMF itself—were established and evolved. Not only are financial crises n ...
Seminar Paper No. 687 THE ZERO BOUND IN AN OPEN ECONOMY:
... future monetary expansion or an in‡ation target need not be credible with the private sector and therefore not a¤ect in‡ation expectations, in the absence of any commitment mechanism or any action supporting the announcement. Furthermore, the high in‡ation target for Japan for 15 years may not be cr ...
... future monetary expansion or an in‡ation target need not be credible with the private sector and therefore not a¤ect in‡ation expectations, in the absence of any commitment mechanism or any action supporting the announcement. Furthermore, the high in‡ation target for Japan for 15 years may not be cr ...
EmErging CurrEnCy - Societe Generale
... Hong Kong Notice: This document is distributed in Hong Kong by SG Securities (HK) Limited and Societe Generale Hong Kong Branch, which is regulated by Securities and Futures Commission and Hong Kong Monetary Authority. This document is issued solely to “professional investors” within the meaning of ...
... Hong Kong Notice: This document is distributed in Hong Kong by SG Securities (HK) Limited and Societe Generale Hong Kong Branch, which is regulated by Securities and Futures Commission and Hong Kong Monetary Authority. This document is issued solely to “professional investors” within the meaning of ...
Exchange Rates and Jobs: What Do We Learn
... be affected by fluctuations in exchange rates. In the traditional two-sector model with a representative firm in each sector, competitive and frictionless markets, domestic competition for scarce factors of production induces, ceteris paribus, a reallocation of factors across sectors: following an a ...
... be affected by fluctuations in exchange rates. In the traditional two-sector model with a representative firm in each sector, competitive and frictionless markets, domestic competition for scarce factors of production induces, ceteris paribus, a reallocation of factors across sectors: following an a ...
NBER WORKING PAPERS SERIES DEVALUATION EXPECTATIONS: ThE SWEDISH KRONA 1982-1991 Hans Lindberg
... in exchange rate target zones, even when there is devaluation risk. For short maturities the frequency of realignment is approximately equal to the "intensity" of realignment, the instantaneous average rate at which realignments occur. These concepts are further discussed below and in the Appendix. ...
... in exchange rate target zones, even when there is devaluation risk. For short maturities the frequency of realignment is approximately equal to the "intensity" of realignment, the instantaneous average rate at which realignments occur. These concepts are further discussed below and in the Appendix. ...
strategic motivations of australian and new zealand
... force of globalisation. The interest in specific host countries has been stimulated by both the increase of international FDI flows and their significance as a critical aspect of economic growth and employment creation in emerging economies. In the last few years, there has been such tremendous grow ...
... force of globalisation. The interest in specific host countries has been stimulated by both the increase of international FDI flows and their significance as a critical aspect of economic growth and employment creation in emerging economies. In the last few years, there has been such tremendous grow ...
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
... With respect to the environmental matters at the Company’s Glen Cove, New York site, previously disclosed in Note 14, Contingencies and Commitments to the Company’s consolidated financial statements included in the Company’s 2012 Form 10-K, the New York State Department of Environmental Conservation ...
... With respect to the environmental matters at the Company’s Glen Cove, New York site, previously disclosed in Note 14, Contingencies and Commitments to the Company’s consolidated financial statements included in the Company’s 2012 Form 10-K, the New York State Department of Environmental Conservation ...
ARREGLOS MONETARIOS EN ENTORNOS VOLÁTILES1
... flexible? ¿Y cuál fue la recomendación tradicional? En el contexto del mo- ...
... flexible? ¿Y cuál fue la recomendación tradicional? En el contexto del mo- ...
Arbitrage in the foreign exchange market
... This paper provides real-time evidence on the frequency, size and duration of arbitrage opportunities and deviations from the law of one price (LOP) in the foreign exchange market. We investigate deviations from the covered interest rate parity (CIP) condition (‘round-trip arbitrage’) and inter-mark ...
... This paper provides real-time evidence on the frequency, size and duration of arbitrage opportunities and deviations from the law of one price (LOP) in the foreign exchange market. We investigate deviations from the covered interest rate parity (CIP) condition (‘round-trip arbitrage’) and inter-mark ...
Macroeconomic Policy Responses to Financial
... amplifying the destabilizing effects of capital inflows. On the contrary, in OECD countries, authorities conduct counter-cyclical policies that mitigate the negative effects of capital flows on output. Several factors explain the adoption of pro-cyclical policies in developing and emerging countries ...
... amplifying the destabilizing effects of capital inflows. On the contrary, in OECD countries, authorities conduct counter-cyclical policies that mitigate the negative effects of capital flows on output. Several factors explain the adoption of pro-cyclical policies in developing and emerging countries ...
Link to Text - Johns Hopkins University
... throughout the year. The net foreign-currency reserves (net international reserves) of the Bank of Jamaica--its holdings of foreign currency minus the foreign currency it owes--increased from J$-35 million at the start of the year to almost J$12 billion at the end of the year. The Jamaican dollar re ...
... throughout the year. The net foreign-currency reserves (net international reserves) of the Bank of Jamaica--its holdings of foreign currency minus the foreign currency it owes--increased from J$-35 million at the start of the year to almost J$12 billion at the end of the year. The Jamaican dollar re ...
current politics and economics of europe
... currency union, one of its many features as a federal state.2 Furthermore, there have been talks about creating an actual North American Monetary Union (NAMU) which would expand the use of the dollar into Canada and Mexico. At a time in which the discussion revolves around the future of (smaller) na ...
... currency union, one of its many features as a federal state.2 Furthermore, there have been talks about creating an actual North American Monetary Union (NAMU) which would expand the use of the dollar into Canada and Mexico. At a time in which the discussion revolves around the future of (smaller) na ...
Exchange rate anomalies in the industrial countries: A solution with
... appear to be associated with increases rather than decreases in nominal interest rates (see Reichenstein, 1987; Leeper and Gordon, 1991). 2. The price puzzle. When monetary policy shocks are identi"ed with innovations in interest rates, the responses of output and money supply are correct as a monet ...
... appear to be associated with increases rather than decreases in nominal interest rates (see Reichenstein, 1987; Leeper and Gordon, 1991). 2. The price puzzle. When monetary policy shocks are identi"ed with innovations in interest rates, the responses of output and money supply are correct as a monet ...
Consistency of two major data sources for
... the German hyperinflation. The purpose of our analysis is three-fold: firstly, we investigate the consistency of exchange rate data by comparing the rates available from this source to those provided by a widely used source, Einzig (1937). Secondly, we scrutinize the commentaries offered by The Chro ...
... the German hyperinflation. The purpose of our analysis is three-fold: firstly, we investigate the consistency of exchange rate data by comparing the rates available from this source to those provided by a widely used source, Einzig (1937). Secondly, we scrutinize the commentaries offered by The Chro ...
Derivatives on RDX USD Index
... This publication is published for information purposes only and shall not constitute investment advice respectively does not constitute an offer, solicitation or recommendation to acquire or dispose of any investment or to engage in any other transaction. This publication is not intended for solicit ...
... This publication is published for information purposes only and shall not constitute investment advice respectively does not constitute an offer, solicitation or recommendation to acquire or dispose of any investment or to engage in any other transaction. This publication is not intended for solicit ...
Make and Take Fees in the US Equity Market
... k where k > i. If a rival increases its fee, the nominal fee remains unchanged while the relativeto-rivals fee on an exchange decreases, since its fee has become increasingly more attractive compared to its rivals’ fee. Analogously, if a rival decreases its fee, the relative-to-rivals fee on an exch ...
... k where k > i. If a rival increases its fee, the nominal fee remains unchanged while the relativeto-rivals fee on an exchange decreases, since its fee has become increasingly more attractive compared to its rivals’ fee. Analogously, if a rival decreases its fee, the relative-to-rivals fee on an exch ...
NBER WORKING PAPER SERIES WHAT DOES FUTURES
... spot prices in commodity, currency, bond, and stock markets. In each of these markets, movements in open interest are positively correlated with the Chicago Fed National Activity Index, which is a weighted average of 85 monthly indicators of US economic activity. Periods of high US economic activity ...
... spot prices in commodity, currency, bond, and stock markets. In each of these markets, movements in open interest are positively correlated with the Chicago Fed National Activity Index, which is a weighted average of 85 monthly indicators of US economic activity. Periods of high US economic activity ...
EM Currency Handbook 2014
... from strengthening demand in the US and Europe. Beyond Asia, Central Europe is emerging from a period of painful deleveraging and is poised to see activity accelerate. Reforms in Mexico will leave it better placed to benefit from US recovery. Growth in Chile, Colombia, and Peru, will remain robust. ...
... from strengthening demand in the US and Europe. Beyond Asia, Central Europe is emerging from a period of painful deleveraging and is poised to see activity accelerate. Reforms in Mexico will leave it better placed to benefit from US recovery. Growth in Chile, Colombia, and Peru, will remain robust. ...
Currency Mismatch, Systemic Risk in Emerging Europe (December 2009)
... implies that borrowers cannot commit to repay their debt and might have incentives to divert funds. Lenders then impose borrowing constrains to ensure that they will be repaid. In such an environment, domestically oriented borrowers have no incentives to take on currency mismatch, as they will have ...
... implies that borrowers cannot commit to repay their debt and might have incentives to divert funds. Lenders then impose borrowing constrains to ensure that they will be repaid. In such an environment, domestically oriented borrowers have no incentives to take on currency mismatch, as they will have ...
How does monetary policy respond to exchange rate movements
... contained in the sign restrictions, there will be many impulse responses that can satisfy each sign restriction. When a series of impulse responses are compatible with a particular restriction, identification will not be exact. Paustian (2007) has further shown that sign restrictions can only unique ...
... contained in the sign restrictions, there will be many impulse responses that can satisfy each sign restriction. When a series of impulse responses are compatible with a particular restriction, identification will not be exact. Paustian (2007) has further shown that sign restrictions can only unique ...
Effects of Financial Market Imperfections on Indian Firms` Exporting
... exporting behavior of Indian manufacturing firms and also examine how these affect the link between exchange rate movement and exports. We will use comprehensive firm-level data on Indian manufacturing firms available in a database called “PROWESS” (Centre for Monitoring Indian Economy Pvt. Ltd. 201 ...
... exporting behavior of Indian manufacturing firms and also examine how these affect the link between exchange rate movement and exports. We will use comprehensive firm-level data on Indian manufacturing firms available in a database called “PROWESS” (Centre for Monitoring Indian Economy Pvt. Ltd. 201 ...
Fiscal Devaluations No. 12-10 Emmanuel Farhi, Gita Gopinath, and Oleg Itskhoki
... general will require flexibly time-varying taxes. Our approach is different and closer in focus to the previously discussed papers. We analyze simple fiscal policies that robustly replicate the effects of nominal devaluations across a wide class of environments, regardless of whether or not nominal ...
... general will require flexibly time-varying taxes. Our approach is different and closer in focus to the previously discussed papers. We analyze simple fiscal policies that robustly replicate the effects of nominal devaluations across a wide class of environments, regardless of whether or not nominal ...