Pension Fund Managers Behavior In The Foreign Exchange Market

Borradores de Economia
Number: 
391
DOI: 
https://doi.org/10.32468/be.391
Published: 
Authors:
Hernando Vargas-Herrera,
Yanneth Rocío Betancourt-García
Classification JEL: 
G23, F31, D43
Keywords: 
Pension funds, Foreign exchange market, Market power
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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