Meteor Showers or Heat Waves? Heteroskedastic Intra-Daily Volatility in the Foreign Exchange Market
收藏NBER1988-06-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w2609
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资源简介：
This paper defines and tests a form of market efficiency called market dexterity which requires that asset prices adjust instantaneously and completely in response to new information. Examining the behavior of the yen/dollar exchange rate while each of the major markets are open it is possible to
提供机构：
美国国家经济研究局
创建时间：
1988-06-01
