Publications


"The Market Microstructure Approach to Foreign Exchange: Looking Back and Looking Forward," joint work with Michael King and Dagfinn Rime. Journal of International Money and Finance (2013). Download



"Market Microstructure and the Profitability of Currency Trading," Chapter 18 of Annual Review of Finance and Economics (2012), forthcoming. Download


"The Microstructure of Currency Markets," joint with Xuhang Wang, Chapter 5 in Market Microstructure in Emerging and Developed Markets, Kent Baker and Halil Kiymaz, Eds. (John Wiley & Sons, Inc.), forthcoming. Download


"Foreign Exchange Market Structure, Players, and Evolution," joint with Michael King and Dagfinn Rime. In: James, J., Marsh, I., Sarno, L. (Eds), Handbook of Exchange Rates. Wiley and Sons, New York and London: 2012. Download


"Noise Trading and Illusory Correlations in U.S. Equity Markets," joint with Jennifer Bender and David Simon. Review of Finance, published online February 27, 2012. Download


"Survival of Overconfidence in Currency Markets," joint with Thomas Oberlechner. Journal of Financial and Quantitative Analysis 47 (February 2012): 91-113. Download


"Price Discovery in Currency Markets," joint with Alexander Mende and Lukas Menkhoff. Journal of International Money and Finance 30 (2011): 1696-1718. Download


"Extreme Returns: The Case of Currencies," joint with Tanseli Savaser. Journal of Banking and Finance 35 (2011): 2868-2880. Download


"Foreign Exchange Microstructure: A Survey," Encyclopedia of Complexity and System Science, Robert A. Meyers, Ed (Springer, New York: 2009). Download


"Book Review: The Exchange Rate in a Behavioral Finance Framework," Journal of International Economics 72 (May 2007): 265-270.


"Macro Lessons from Microstructure," International Journal of Finance and Economics 11 (January 2006): 55-80. Download


"Stop-Loss Orders and Price Cascades in Currency Markets," Journal of International Money and Finance 24 (March 2005): 219-241. Download


"Currency Orders and Exchange-Rate Dynamics: Explaining the Success of Technical Analysis," Journal of Finance 58 (October 2003): 1791-1819. Download


"The Changing Landscape of the Financial Services Industry: What Lies Ahead?" Economic Policy Review 6 no. 4 (October 2000): 39-54. Download


"Support for Resistance: Technical Analysis and Intraday Exchange Rates," Economic Policy Review 6, no. 2 (July 2000): 53-67. Download


"Rapidly Rising Corporate Debt: Are Firms Now Vulnerable to an Economic Slowdown?" Current Issues in Economics and Finance 6, no. 7 (June 2000): 1-6.


"Rational Speculators and Exchange Rate Volatility" (with John Carlson), European Economic Review 44 (February 2000): 231-253.


"Methodical Madness: Technical Analysis and the Irrationality of Exchange-Rate Forecasts," (with Kevin Chang), Economic Journal 109 (1999): 636-661.


"Second District House Prices: Why So Weak in the 1990s?" (with Matthew Higgins and Anjeli Sridhar), Federal Reserve Bank of New York Current Issues in Economics and Finance 5 (January 1999).


"Short-Term Speculators and the Puzzling Behavior of Exchange Rates," Journal of International Economics 43, No. 1 (June 1998): 37-58.


"Asset Market Hangovers and Economic Growth: U.S. Housing Markets" (with Matthew Higgins), in The Role of Asset Prices in the Formulation of Monetary Policy, BIS Conference Papers Vol. 5 (Bank for International Settlements, Basle: 1998).


"Is More Always Better? Head-and-Shoulders and Filter Rules in Foreign Exchange Markets," in E. Acar and S. Satchell, eds., Advanced Trading Strategies and Tactics. (London: Irwin-Probus 1998).


"Asset Market Hangovers and Economic Growth: The OECD During 1984-1993" (with Matthew Higgins) Oxford Review of Economic Policy 13, No. 3 (Fall 1997): 110-34. Download


"Charting : Chaos Theory in Disguise?" Journal of Futures Markets 17 (August 1997): 489-514.


"Exchange Rate Dynamics and Speculators' Horizons," Journal of International Money and Finance 14 (1995): 695-719.


"High Real Interest Rates and Investment in the 1990s," Federal Reserve Bank of New York Quarterly Review 19, No. 1 (Spring 1994): 38-44.


"The Credit Slowdown Abroad," joint with S. Hickok, in Studies on Causes and Consequences of The 1989-92 Credit Slowdown (Federal Reserve Bank of New York: 1994): 429-73. Download


"Interest Rate Term Premiums and the Failure of Uncovered Interest Rate Parity," Journal of International Financial Markets, Institutions and Money 2 (2) (November 1992): 1-26.


"Explaining the Absence of International Factor-Price Convergence," Journal of International Money and Finance 10 (1991): 89-107.


"Optimal Growth Under Uncertainty," Economic Letters 36 (1991): 31-35.


"Why Do LDC's Repurchase Debt?" Tuck School Working Paper, 1990.

Contact & Information

Phone: 781.736.4826
Fax: 781.736.2269
Email: cosler@brandeis.edu

Mailstop 032
Brandeis University
415 South Street
Waltham, MA, 02454

 

Carol L. Osler CV

 

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