Strategic Trading in a Two-Sided Foreign Exchange Auction
收藏NBER1995-07-01 更新2025-01-04 收录
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https://www.nber.org/papers/w5187
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资源简介：
The market microstructure chosen for foreign exchange markets can influence trading volumes and equilibrium exchange rates. With emerging markets and developing countries increasingly utilizing two- sided auctions, we show that the choice of the discrete 'ttonnement' auction creates incentives for
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美国国家经济研究局创建时间：
1995-07-01
