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File: Research Pdf 52333 | Ssrn Id1447869
Liquidity in the Foreign Exchange Market: ∗ Measurement, Commonality, and Risk Premiums Loriano Mancini Angelo Ranaldo Jan Wrampelmeyer Swiss Finance Institute Swiss National Bank Swiss Finance Institute ‡ § EPFL ...

icon picture PDF Filetype PDF | Posted on 20 Aug 2022 | 2 years ago

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...Liquidity in the foreign exchange market measurement commonality and risk premiums loriano mancini angelo ranaldo jan wrampelmeyer swiss finance institute national bank epfl research unit university of zurich this version august authors thank lubos p astor lasse heje pedersen ren e stulz adrien verdelhan christian wiehenkamp as well seminar participants at eighth doctoral workshop european summer symposium financial markets for helpful comments views expressed herein are those not necessarily which does accept any responsibility contents opinions paper banking plattenstrasse switzerland email isb uzh ch angeloranaldo swissnationalbank researchunit b orsenstrasse o box snb electronic copy available http ssrn com abstract adaily return reversal measure is developed estimated using a new compre hensive ultra high frequency data set rates during nancial crisis period captures perception periods with low expected manner tests fx show that co moves strongly across currencies systematic decre...
								

							

						
	
												
				
					
					
					
			
					
				
				
		
	

	
		





	

	
				

						

						
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Posted on: 20 Aug 2022 | 2 years ago
										
										
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