Skip to main content
We use an agent-based approach to model trading behaviour in high-frequency markets. This study focuses on the Foreign Exchange (FX) market. The initial part of this study is to observe the micro-behaviour of traders to define the... more
    • by 
    •   16  
      BusinessComputational ModelingForeign Exchange MarketAgent Based
INSEAD An asymmetric information model of the bid-ask spread is developed for foreign exchange market subject to occasional government interventions. Traditional tests of the unbiasedness of the forward rate as a predictor of the future... more
    • by 
    •   8  
      Economic TheoryForeign Exchange MarketMarket MicrostructureApplied Economics
    • by 
    •   9  
      Foreign Exchange MarketApplied EconomicsStock MarketUnited Kingdom
This paper explores the return volatility predictability inherent in high-frequency speculative returns. Our analysis focuses on a refinement of the more traditional volatility measures, the integrated Õolatility, which links the notion... more
    • by 
    •   13  
      EconometricsEmpirical FinanceResearch MethodologyForeign Exchange Market
Algorithmic trading has become the standard in the financial market. Traditionally, most algorithms have relied on rule-based expert systems which are a set of complex if/then rules that need to be updated manually to changing market... more
    • by 
    •   7  
      Computer ScienceArtificial IntelligenceMachine LearningForeign Exchange Market
Price discovery is a principal function of financial markets. Yet, especially for dealership markets, financial economists know little about how prices are determined. In this paper I analyze the process of price discovery in the... more
    • by 
    •   8  
      BusinessForeign Exchange MarketPrice DiscoveryInformation Sharing
Applying S. Taylor's approach (1986), we make an extensive analysis on the Japanese stock market, foreign exchange market and the Japanese Government Bond Futures market. The purpose of this paper is to empirically reveal the structure of... more
    • by 
    •   7  
      EconomicsForeign Exchange MarketStock MarketExchange rate
This paper relies on wavelet multiresolution analysis to capture the dependence structure of currency markets and reveal the complex dynamics across different timescales. It investigates the nature and direction of causal relationships... more
    • by 
    •   18  
      Foreign Exchange MarketForecastingNeural NetworksCausality
    • by 
    •   10  
      LawForeign Exchange MarketFinancial AnalysisTechnical Analysis
The purpose of this paper is to review the evidence on the profitability of technical analysis. The empirical literature is categorized into two groups, 'early' and 'modern' studies, according to the characteristics of testing procedures.... more
    • by 
    •   14  
      EconometricsForeign Exchange MarketApplied EconomicsStock Market
The book is addressed to professional traders, investors, and economists that would like to explore new possibilities in financial market trend analysis. The book elaborates on Complex Technical Analysis that bases on compound analysis of... more
    • by 
    •   14  
      FinanceFinancial EconomicsData AnalysisForeign Exchange Market
This paper provides real-time evidence on the frequency, size, duration and economic significance of arbitrage opportunities in the foreign exchange market. We investigate deviations from the covered interest rate parity (CIP) condition... more
    • by 
    •   3  
      EconomicsForeign Exchange MarketReal Time
The paper focuses on analysing monetary policy in Serbia. The National Bank of Serbia chose inflation targeting, which sets price stability as the main objective of monetary policy. To achieve this goal,... more
    • by 
    •   4  
      Foreign Exchange MarketMonetary PolicyPrice StabilityExchange Rate Policy
Women empowerment has taken a center stage in the present development agenda. The study examines the role of financial inclusion in supporting women empowerment in Lango sub region, Northern Uganda. Using both purposive and simple random... more
    • by 
    •   10  
      Development EconomicsDecision MakingDoctoral SupervisionForeign Exchange Market
We investigate triangular arbitrage within the spot foreign exchange market using highfrequency executable prices. We show that triangular arbitrage opportunities do exist, but that most have short durations and small magnitudes. We find... more
    • by 
    •   5  
      Foreign Exchange MarketHigh FrequencyMathematical SciencesProfitability
The stock market can be a great source of confusion for many people. The average person generally falls into one of two categories. The first believe investing is a form of gambling; they are certain that if you invest, you will more than... more
    • by 
    •   2  
      Foreign Exchange MarketSTOCK EXCHANGE
The Information and Communication Technology and foreign exchange market is a vast subject. This Article considers the impact of technological advances on the foreign exchange management and focus on transparency to determine exchange... more
    • by 
    •   10  
      Decision MakingForeign Exchange MarketInformation Communication TechnologyInternational Marketing
    • by 
    •   4  
      African StudiesTax LawForeign Exchange MarketKenya
Technica, or chartist, analysis of financial markets involves providing forecasts or trading advice on the basis of largely visual inspection of past prices, without regard to any underlying economic or ‘fundamental’ analysis. This paper... more
    • by 
    •   4  
      Foreign Exchange MarketApplied EconomicsTechnical AnalysisMoney and Finance
In this paper we employ a Markov-Switching EGARCH model to investigate the dynamic linkage between stock price volatility and exchange rate changes for four emerging countries over the period 1994-2009. Results distinguish between two... more
    • by 
    •   10  
      Foreign Exchange MarketApplied EconomicsEmerging MarketsExchange rate
Vietnam's foreign exchange (forex) market has remained relatively poorly developed despite more than two decades of general reform throughout the economy. This paper adopts a microstructure approach to the analysis of the root-causes... more
    • by 
    •   4  
      Financial EconomicsForeign Exchange MarketMarket MicrostructureVietnam
Foreign Exchange we mean foreign currencies or more commonly, claims to foreign money balances. It includes all monetary instruments which give residents of one country a financial claim on another country. The use of foreign exchange... more
    • by 
    •   4  
      Behavioral FinanceForeign Exchange MarketBusiness ResearchCapital Market
The forex market is the backbone of international trade and global investing. It is critical to support imports and exports, which are necessary to gain access to resources and to create additional demand for goods and services. Without... more
    • by 
    •   5  
      BankingForeign Exchange MarketForeign ExchangeFinance and banking
This report deals with foreign exchange operation of Agrani Bank Ltd.
    • by 
    •   2  
      Foreign Exchange MarketCorporate Finance
    • by 
    •   2  
      Foreign Exchange MarketForeign Exchange
This paper examine the causation between Exchange Rate, Interest Rate and Economic Growth in Nigeria for a period of 57 years, ranges from 1960 to 2017 with the application of time series econometric techniques. The empirical results show... more
    • by 
    • Foreign Exchange Market
    • by 
    • Foreign Exchange Market
    • by 
    •   5  
      EconomicsForeign Exchange MarketForeign ExchangeMicrostructures
This paper provides real-time evidence on the frequency, size, duration and economic significance of arbitrage opportunities in the foreign exchange market. We investigate deviations from the covered interest rate parity (CIP) condition... more
    • by 
    •   3  
      EconomicsForeign Exchange MarketReal Time
Call money market in Bangladesh was basically developed under competitive environment of the financial market. However, the market could not develop as expected, rather it showed a wide range of seasonal fluctuations. The study reveals... more
    • by 
    •   8  
      Foreign Exchange MarketMoney and BankingBangladeshFinancial Markets And Institution
    • by 
    •   2  
      Foreign Exchange MarketForeign Exchange
Spot foreign exchange market today is the most volatile and liquid of all financial markets in the world. The present paper addresses in details the efficiency, liquidity and risk seen by a trader, particularly concentrating on analysis... more
    • by 
    •   6  
      Foreign Exchange MarketLow FrequencyPotatoTechnical Analysis
Foreign exchange bureaus (FOREX Bureaus) were established and first licensed in January 1995 with the main objective of fostering competition and narrowing the exchange rate spread in the spot foreign exchange market. The FOREX bureaus... more
    • by 
    •   4  
      BankingForeign Exchange MarketBanking LawFinance and banking
The purpose of this report is to review the evidence on the profitability of technical analysis. To achieve this purpose, the report comprehensively reviews survey, theoretical and empirical studies regarding technical trading strategies.... more
    • by 
    •   14  
      Foreign Exchange MarketStock MarketTechnical AnalysisRandom Walk
    • by 
    • Foreign Exchange Market
The paper summarizes the current theory of how a floating exchange rate is determined, dividing the subject into what determines the steady state and what determines the transition to steady state. The inadequacies of this model are... more
    • by 
    •   7  
      EconomicsForeign Exchange MarketDutch DiseaseBehavior Modeling
Over the past decade or so, the spread of electronic trading has brought about significant changes in the structure of the interbank foreign exchange markets and the relationship between foreign exchange dealers and their clients. This... more
    • by 
    •   3  
      Foreign Exchange MarketForeign ExchangeSurvey data
This paper asks whether the 'leverage effect ' -as defined by Black (1976) for stock markets-is also a characteristic of foreign exchange markets. The study focuses on five Latin American emerging markets which have adopted a floating... more
    • by 
    •   7  
      EconomicsForeign Exchange MarketStock MarketEmerging Market
The introduction of electronic broker systems in the foreign exchange (FX) market at the end of 1992 changed the structure of the market and opened new channels for trading. We study the impact of these systems on dealer behavior, using a... more
    • by 
    •   8  
      Financial EconomicsMicrostructureForeign Exchange MarketInventory Control
This paper examines the out-of-sample performance of intraday technical trading strategies selected using two methodologies, a genetic program and an optimized linear forecasting model. When realistic transaction costs and trading hours... more
    • by 
    •   7  
      Foreign Exchange MarketApplied EconomicsForeign ExchangeMarket efficiency
    • by 
    •   9  
      EconomicsEconomic TheoryForeign Exchange MarketForeign Exchange
    • by  and +1
    •   11  
      Eastern EuropeForeign Exchange MarketCapital FlowsFinancial Crisis
This article introduces the subject of technical analysis in the foreign exchange market, with emphasis on its importance for questions of market efficiency. "Technicians" view their craft, the study of price patterns, as exploiting... more
    • by 
    •   23  
      FinanceEconomicsEconometricsData Mining
We study dealer behavior in the foreign exchange spot market using a detailed data set on the complete transactions of four dealers. There is strong support for an information effect in incoming trades. Although there is evidence that the... more
    • by 
    •   8  
      Financial EconomicsMicrostructureForeign Exchange MarketInventory Control
We examine the presence or absence of asymmetric volatility in the exchange rates of Australian dollar (AUD), Euro (EUR), British pound (GBP) and Japanese yen (JPY), all against US dollar. Our investigation is based on a variant of the... more
    • by 
    •   5  
      Foreign Exchange MarketApplied EconomicsStandard DeviationStructural Change
This paper assessed empirically Nigeria's agricultural export and economic welfare. Data used for the study were obtained from secondary sources, bulk of which was collected from institutional and national databases over 1990-2005 and... more
    • by 
    •   7  
      Foreign Exchange MarketMonetary PolicyStatistical SignificanceMultiple Regression
This paper relies on wavelet multiresolution analysis to capture the dependence structure of currency markets and reveal the complex dynamics across different timescales. It investigates the nature and direction of causal relationships... more
    • by 
    •   11  
      Foreign Exchange MarketApplied EconomicsFinancial CrisisUnited States
According to the finance literature, risks associated with various financial instruments and their corresponding market segments could be stochastic and evolve continuously over time, reflecting the developments in the macroeconomy and... more
    • by 
    •   3  
      Foreign Exchange MarketFinancial StabilityEmpirical Analysis
The behavior of quote arrivals and bid-ask spreads is examined for continuously recorded deutsche mark-dollar exchange rate data over time, across locations, and by market participants. A pattern in the intraday spread and intensity of... more
    • by 
    •   3  
      Foreign Exchange MarketHigh FrequencyExchange rate