Why has FX trading surged?

Gabriele Galati () and Michael Melvin ()

BIS Quarterly Review, 2004

Abstract: The 2004 survey shows a surge in traditional foreign exchange trading. This seems to have been driven by momentum trading and carry trades in a global search for yield on the part of institutional investors and leveraged players as well as by hedging activity.

JEL-codes: F31 C42 (search for similar items in EconPapers)
Date: 2004
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