Pension Fund Managers Behavior In The Foreign Exchange Market

Hernando Vargas-Herrera; Yanneth Rocío Betancourt-García

Borradores de Economia

Number:

391

DOI:

https://doi.org/10.32468/be.391

Published:

Saturday, 1 April 2006

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