Format:
1 Online-Ressource
Content:
This paper provides the empirical evidence that the group wide liquidity is a key driver of individual currency liquidity. The liquidity of currencies is tied together more often recently than during 1990s. We also examine the asymmetrical commonality in liquidity, when the dollar index is moving up or down. Commonality in liquidity is higher when the dollar is weak. There is no asymmetry effect of direction of group liquidity. An understanding of the nature of commonality in liquidity of FX markets can prove useful for the traders, multinational companies and central banks
Note:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments April 21, 2009 erstellt
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Language:
English
