Barry Eichengreen, Romain Lafarguette and Arnaud Mehl
Cables, Sharks and Servers
Technology and the Geography of the Foreign Exchange Market
ECB, 2016
Aperçu
Geography and technology have shaped the current landscape of financial transactions.
Recommendation
The ongoing disruptive effects of information and communication technology (ICT) transform industries and can determine how and where products and services get manufactured and delivered. Economists Barry Eichengreen, Romain Lafarguette and Arnaud Mehl analyze ICT’s impact on the sphere of foreign currency trading. Specifically, the team examines this market to determine whether ICT has concentrated trading activity in just a few large-scale geographic centers – such as London, New York and Tokyo – or whether it has diffused transactions across the globe. getAbstract recommends their robust, intriguing report to executives and policy officials looking to unravel the answer to a unique question.
Summary
About the Authors
Barry Eichengreen is an economics professor at the University of California, Berkeley. Romain Lafarguette is an economist at the International Monetary Fund. Arnaud Mehl is an economist at the European Central Bank.
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