Logo Logo
Switch Language to German

El Mouaaouy, Florian (2018): Financial crime "hot spots' - empirical evidence from the foreign exchange market. In: European Journal of Finance, Vol. 24, No. 7-8: pp. 565-583

Full text not available from 'Open Access LMU'.


This paper uses a natural experiment to investigate the effects of collusive benchmark manipulation on foreign exchange (FX) market characteristics. Constructing digit-based measures, the empirical analysis detects anomalies throughout different digit positions of currency pairs in prosecuted FX data. The findings contribute to the understanding of suspicious patterns during the World Markets Company and Reuters benchmark window around the London close and suggest a simple, practical, and useful approach to screening other financial benchmarks, markets, and time periods.

Actions (login required)

View Item View Item