Currency option markets and exchange rates: a case study of the U.S. dollar in March 1995

Allan M. Malz

Current Issues in Economics and Finance, 1995, vol. 1, issue Jul

Abstract: Some market observers attribute the dollar's recent drop against the mark and yen to a type of currency option known as the knockout option. Although knockouts did contribute modestly to the dollar's fall, their full impact was felt to a much greater extent in the option markets.

Keywords: options; Foreign exchange rates; Dollar, American (search for similar items in EconPapers)
Date: 1995
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