The Microstructure Approach to Exchange Rates

@inproceedings{Lyons2001TheMA,
  title={The Microstructure Approach to Exchange Rates},
  author={Richard K. Lyons},
  year={2001}
}
  • R. Lyons
  • Published 1 December 2001
  • Economics
Historically, the fields of exchange-rate economics and microstructure finance have progressed independently of each other. Recent interaction, however, has given rise to a microstructure approach to exchange rates. This book focuses on the economics of financial information and how microstructure tools help to clarify the types of information most relevant to exchange rates. The microstructure approach views exchange rates from the perspective of the trading room, the place where exchange… 

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