Pension fund managers behavior in the foreign exchange market

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Borradores de Economía; No. 391
Date published
2006-04-10
Date of last update
2006-04-10
Author
Vargas-Herrera, Hernando
Betancourt-García, Yanneth Rocío
Document language
spa
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Las opiniones contenidas en el presente documento son responsabilidad exclusiva de los autores y no comprometen al Banco de la República ni a su Junta Directiva.
Abstract
The effects of the Pension Fund Managers (PFMs) behavior on the foreign exchange market may be important, given the increasing size of their portfolio and their possible market power. Some authors argue that when big investors like PFMs trade large volume
JEL Codes
F31 - Foreign ExchangeD43 - Oligopoly and Other Forms of Market ImperfectionG23 - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
Keywords
Pension funds ; Foreign exchange market ; Market power ;
URI
https://repositorio.banrep.gov.co/handle/20.500.12134/5409
https://hdl.handle.net/20.500.12134/5409
https://doi.org/10.32468/be.391
https://ideas.repec.org/p/bdr/borrec/391.html
https://ideas.repec.org/p/col/000094/003317.html
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This work is licensed under a Creative Commons Reconocimiento-NoComercial 4.0.This document has been deposited by the author (s) under the following certificate of deposit