Thick vs. thin-skinned: technology, news, and financial market reaction by Arnaud Mehl, Barry J. Eichengreen and Romain Lafarguette published by IMF (4/2017).”We study the impact of tecnology on the reaction of financial markets to information, focusing on the foreign exchange market. We contrast the “thin-skinned” view that technological improvements cause markets to react more to new information with the “thick-skinned” view that they react less…”
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