The bid-ask spread for dollars in Kuwait: A brief note

Document Type

Article

Publication Date

1-1-1997

Abstract

This paper uses the Demsetz-Bagehot theory of dealer services and bid-ask spreads to analyse the determinants of the bid and ask spread in the Kuwaiti foreign exchange market for dollars. The explanatory variables predicted by the theory are found to be significant. Idiosyncrasies arising from the country and period under analysis are highlighted.

Publication Title

Applied Economics Letters

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