Profits and position control: a week of FX dealing 1 I thank the following for helpful comments: Jeff Bohn, Frank Diebold, Bernard Dumas, Mark Flood, Dick Meese, Mark Ready, Andrew Rose, Patrik Säfvenblad, Matt Spiegel, Avanidhar Subrahmanyam, and seminar participants at Berkeley, UCLA, the Federal Reserve Board, the Federal Reserve Bank of New York, the NBER, and the Stockholm School of Economics. I also thank Jeff Bohn for valuable research assistance. Parts of this paper were written while visiting the IIES at Stockholm University and I thank them for their hospitality. Financial assistance from the National Science Foundation and the Berkeley Program in Finance is gratefully acknowledged. 1
Titel:
Profits and position control: a week of FX dealing 1 I thank the following for helpful comments: Jeff Bohn, Frank Diebold, Bernard Dumas, Mark Flood, Dick Meese, Mark Ready, Andrew Rose, Patrik Säfvenblad, Matt Spiegel, Avanidhar Subrahmanyam, and seminar participants at Berkeley, UCLA, the Federal Reserve Board, the Federal Reserve Bank of New York, the NBER, and the Stockholm School of Economics. I also thank Jeff Bohn for valuable research assistance. Parts of this paper were written while visiting the IIES at Stockholm University and I thank them for their hospitality. Financial assistance from the National Science Foundation and the Berkeley Program in Finance is gratefully acknowledged. 1