予定表 -詳細情報-
| 件名 | WS 松田慎一氏 |
| 開始日時 | 2010年 7月 1日 (木曜日) 16時30分 (GMT+09:00) |
| 終了日時 | 2010年 7月 1日 (木曜日) 18時00分 (GMT+09:00) |
| 場所 | １号館−４０１教室 |
| 詳細 | 木曜セミナー 【報告者】 松田 慎一（早稲田大学 経済学研究科） 【報告タイトル】 "A microstructural effect of Japanese official intervention in the yen/dollar foreign exchange market" 【概要】This study adopts a microstructural approach to examine the effect of Japanese official intervention in the yen/dollar foreign exchange market. Our empirical results show that the number of informed traders after the series of interventions is significantly larger and the degree of the market maker’s reaction to the order flow and the cost of the informed trading in the post-intervention term are significantly smaller than that in the pre-intervention one. This implies that the frequent and intense intervention increases the informed traders, and an increasing in them promotes the competition among the informed traders. We interpret that this competition lowers an uncertainty in a market. 資料はこちら。 |
| カテゴリー | ワークショップ・セミナー |
