Foreign Exchange Markets in Hong Kong, Tokyo and Singapore

Anming Zhang CityU Asset Pricing asymmetric information Bandwagon Effects bid-ask spread Bollerslev California and CityU California State University central bank intervention Chi-keung Woo chi-square statistic Chinn CityU and University Clement Yuk-Pang Wong CPHK dealers determine exchange rates dollar/pound economic fundamentals Economics and Finance empirical exchange rate dynamics exchange rate economics exchange rate models exchange rate movements factors foreign exchange centers foreign exchange market Forex Association Frankel Fundamental Value Group of Thirty homogeneity Hong Kong Tokyo information asymmetry International Settlements Journal Kong Tokyo Singapore Kui-wai Lilian Kheng-lian literature major Market Convention market participants Martin Shubik Medium Run Meese official intervention p-value percentages of respondents Reasons for Deviating run exchange rates speculation and central Stock Market survey results technical trading three foreign exchange trading bank manipulation trading limit trading strategies turnover volume University of California University of Hong University of Victoria value at risk wide spread quote Yin-Wong Cheung University