Pension Fund Managers Behavior In The Foreign Exchange Market

Borradores de Economia
Número: 
391
DOI: 
https://doi.org/10.32468/be.391
Publicado: 
Authors:
Hernando Vargas-Herrera,
Yanneth Rocío Betancourt-García
Clasificación JEL: 
G23, F31, D43
Palabras clave: 
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