Were Bid-Ask Spreads in the Foreign Exchange Market Excessive During the Asian Crisis? /
Bid-ask spreads for Asian emerging market currencies increased sharply during the Asian crisis. A key question is whether such wide spreads were excessive or explained by models of bid-ask spreads. Precrisis estimates of standard models show that spreads during the crisis were in most cases tighter...
| Autor Principal: | |
|---|---|
| Outros autores: | |
| Formato: | Revista |
| Idioma: | English |
| Publicado: |
Washington, D.C. :
International Monetary Fund,
2005.
|
| Series: | IMF Working Papers; Working Paper ;
No. 2005/034 |
| Acceso en liña: | Full text available on IMF |