Exchange Rate Forecasting Techniques Survey Data And Implications For The Foreign Exchange Market
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Exchange Rate Forecasting Techniques And Applications
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Author : I. Moosa
language : en
Publisher: Palgrave Macmillan
Release Date : 1999-12-14
Exchange Rate Forecasting Techniques And Applications written by I. Moosa and has been published by Palgrave Macmillan this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999-12-14 with Business & Economics categories.
Forecasting exchange rates is a variable that preoccupies economists, businesses and governments, being more critical to more people than any other variable. In Exchange Rate Forecasting the author sets out to provide a concise survey of the techniques of forecasting - bringing together the various forecasting methods and applying them to the exchange rate in a highly accessible and readable manner. Highly practical in approach, the book provides an understanding of the techniques of forecasting with an emphasis on its applications and use in business decision-making, such as hedging, speculation, investment, financing and capital budgeting. In addition, the author also considers recent developments in the field, notably neural networks and chaos, again, with easy-to-understand explanations of these "rocket science" areas. The practical approach to forecasting is also reflected in the number of examples that pepper the text, whilst descriptions of some of the software packages that are used in practice to generate forecasts are also provided.
Exchange Rate Forecasting Techniques Survey Data And Implications For The Foreign Exchange Market
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Author : International Monetary Fund
language : en
Publisher: International Monetary Fund
Release Date : 1990-05-01
Exchange Rate Forecasting Techniques Survey Data And Implications For The Foreign Exchange Market written by International Monetary Fund and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1990-05-01 with Business & Economics categories.
This paper examines the dynamics of the foreign exchange market. The first half addresses a number of key questions regarding the forecasts of future exchange rates made by market participants, by means of updated estimates using survey data. Here we follow most of the theoretical and empirical literature in acting as if all market participants share the same expectation. The second half then addresses the possibility of heterogeneous expectations, particularly the distinction between “chartists” and “fundamentalists,” and the implications for trading in the foreign exchange market and for the formation of speculative bubbles.
Exchange Rate Forecasting Techniques Survey Data And Implications For The Foreign Exchange Market
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Author : International Monetary Fund
language : en
Publisher: International Monetary Fund
Release Date : 1990-04-01
Exchange Rate Forecasting Techniques Survey Data And Implications For The Foreign Exchange Market written by International Monetary Fund and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1990-04-01 with Business & Economics categories.
This paper seeks to advance the discussion of monetary policy strategies in several ways. One involves a comparison of targets for nominal GNP and the price level, with emphasis on specificational robustness and implications for output variability. A second pertains to various “indicator” variables recently suggested by Federal Reserve officials. In this regard, a careful review of the relevant conceptual distinctions--concerning instruments, targets, indicators, etc.--is required. Finally, the proposal that strategy should be conducted so as to place minimal reliance on quantity variables is given attention, in the context of evidence concerning the merits of an interest rate instrument.
Foreign Exchange Rate Forecasting With Artificial Neural Networks
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Author : Lean Yu
language : en
Publisher: Springer Science & Business Media
Release Date : 2007-08-02
Foreign Exchange Rate Forecasting With Artificial Neural Networks written by Lean Yu and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-08-02 with Business & Economics categories.
The book focuses on forecasting foreign exchange rates via artificial neural networks. It creates and applies the highly useful computational techniques of Artificial Neural Networks (ANNs) to foreign-exchange-rate forecasting. The result is an up-to-date review of the most recent research developments in forecasting foreign exchange rates coupled with a highly useful methodological approach to predicting rate changes in foreign currency exchanges. Foreign Exchange Rate Forecasting with Artificial Neural Networks is targeted at both the academic and practitioner audiences. Managers, analysts and technical practitioners in financial institutions across the world will have considerable interest in the book, and scholars and graduate students studying financial markets and business forecast will also have considerable interest in the book. The book discusses the most important advances in foreign-exchange-rate forecasting and then systematically develops a number of new, innovative, and creatively crafted neural network models that reduce the volatility and speculative risk in the forecasting of foreign exchange rates. The book discusses and illustrates three general types of ANN models. Each of these model types reflect the following innovative and effective characteristics: (1) The first model type is a three-layer, feed-forward neural network with instantaneous learning rates and adaptive momentum factors that produce learning algorithms (both online and offline algorithms) to predict foreign exchange rates. (2) The second model type is the three innovative hybrid learning algorithms that have been created by combining ANNs with exponential smoothing, generalized linear auto-regression, and genetic algorithms. Each of these three hybrid algorithms has been crafted to forecast various aspects synergetic performance. (3) The third model type is the three innovative ensemble learning algorithms that combining multiple neural networks into an ensemble output. Empirical results reveal that these creative models can produce better performance with high accuracy or high efficiency.
Exchange Rate Forecasting Techniques Survey Data And Implications For The Foreign Exchange Market
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Author : Jeffrey A. Frankel
language : en
Publisher:
Release Date : 2010
Exchange Rate Forecasting Techniques Survey Data And Implications For The Foreign Exchange Market written by Jeffrey A. Frankel and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with categories.
The paper presents new empirical results that elucidate the dynamics of the foreign exchange market. The first half of the paper is an updated study of the exchange rate expectations held by market participants, as reflected in responses to surveys, and contains the following conclusions. First, the bias observed in the forward discount as a predictor of the future spot rate is not attributable to an exchange risk premium, as is conventionally believed. Second, at short horizons forecasters tend to extrapolate recent trends, while at long horizons they tend to forecast a reversal. Third, the bias in expectations is robust in the samples, based on eight years of data across five currencies. The second half of the paper abandons the framework in which all market participants share the same forecast, to focus on the importance of heterogeneous expectations. Tests suggest that dispersion of opinion, as reflected in the standard deviation across respondents in the survey, affects the volume of trading in the market, and, in turn, the degree of volatility of the exchange rate. An example of how conflicting forecasts can lead to swings in the exchange rate is the model of quot;chartists and fundamentalists.quot; The market weights assigned to the two models fluctuate over time in response to recent developments, leading to fluctuations in the demand for foreign currency. The paper ends with one piece of evidence to support the model: the fraction of foreign exchange forecasting services that use quot;technical analysisquot; did indeed increase sharply during 1983-85, but declined subsequently.
Exchange Rate Forecasting Techniques Survey Data And Implications For The Foreign Exchange Market
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Author : Jeffrey A. Frankel
language : en
Publisher:
Release Date : 1991
Exchange Rate Forecasting Techniques Survey Data And Implications For The Foreign Exchange Market written by Jeffrey A. Frankel and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1991 with Foreign exchange categories.
Exchange Rate Forecasting Techniques And Applications
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Author : I. Moosa
language : en
Publisher: Springer
Release Date : 2016-02-05
Exchange Rate Forecasting Techniques And Applications written by I. Moosa and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-02-05 with Business & Economics categories.
Forecasting exchange rates is a variable that preoccupies economists, businesses and governments, being more critical to more people than any other variable. In Exchange Rate Forecasting the author sets out to provide a concise survey of the techniques of forecasting - bringing together the various forecasting methods and applying them to the exchange rate in a highly accessible and readable manner. Highly practical in approach, the book provides an understanding of the techniques of forecasting with an emphasis on its applications and use in business decision-making, such as hedging, speculation, investment, financing and capital budgeting. In addition, the author also considers recent developments in the field, notably neural networks and chaos, again, with easy-to-understand explanations of these "rocket science" areas. The practical approach to forecasting is also reflected in the number of examples that pepper the text, whilst descriptions of some of the software packages that are used in practice to generate forecasts are also provided.
The Microstructure Of Foreign Exchange Markets
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Author : Jeffrey A. Frankel
language : en
Publisher: University of Chicago Press
Release Date : 2009-05-15
The Microstructure Of Foreign Exchange Markets written by Jeffrey A. Frankel and has been published by University of Chicago Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-05-15 with Business & Economics categories.
The foreign exchange market is the largest, fastest-growing financial market in the world. Yet conventional macroeconomic approaches do not explain why people trade foreign exchange. At the same time, they fail to explain the short-run determinants of the exchange rate. These nine innovative essays use a microstructure approach to analyze the workings of the foreign exchange market, with special emphasis on institutional aspects and the actual behavior of market participants. They examine the volume of transactions, heterogeneity of traders, the time of day and location of trading, the bid-ask spread, and the high level of exchange rate volatility that has puzzled many observers. They also consider the structure of the market, including such issues as nontransparency, asymmetric information, liquidity trading, the use of automated brokers, the relationship between spot and derivative markets, and the importance of systemic risk in the market. This timely volume will be essential reading for anyone interested in the economics of international finance.
Strategies For E Service E Governance And Cyber Security
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Author : Bhaswati Sahoo
language : en
Publisher: Apple Academic Press
Release Date : 2021-11
Strategies For E Service E Governance And Cyber Security written by Bhaswati Sahoo and has been published by Apple Academic Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-11 with Computer security categories.
Strategies for e-Service, e-Governance, and Cyber Security: Challenges and Solutions for Efficiency and Sustainability provides an introduction to and overview of cyber security in e-services and e-governance systems. The volume presents and discusses the most recent innovations, trends, and concerns as well as the practical challenges encountered and solutions adopted in the fields of security and e-services. The volume brings together leading academics, scientists, researchers, and research scholars to share their experiences and research results on many aspects of e-services, e-governance, and cyber security. In the world of digitization today, many services of government and industry are carried out in electronic mode in order to avoid the misuse of natural resources. The implementation of e-services also provides transparency and efficiency as well as helps to avoid the misuse of natural resources. These e-services are vulnerable to cyber threats and need special measures in place to provide safety and security as they are being used in the cyber space. The chapters cover diverse topics, such as using digital education to curb of gender violence, cyber security threats and technology in the banking industry, e-governance in the healthcare sector, cybersecurity in the natural gas and oil industry, developing information communication systems, and more. The chapters also include the uses of selection of encryption technology and software. This volume provides valuable information to aid researchers, scientists, and professionals keep up to date with developments in this area and help them meet the demand for better governance systems with the help of the cyber world through e-services.
Exchange Rate Efficiency And The Behavior Of International Asset Markets Routledge Revivals
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Author : Kathryn Dominguez
language : en
Publisher: Routledge
Release Date : 2014-10-20
Exchange Rate Efficiency And The Behavior Of International Asset Markets Routledge Revivals written by Kathryn Dominguez and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-10-20 with Business & Economics categories.
This book, first published in 1992, examines the subject of foreign exchange market efficiency and, in particular, the effectiveness of central bank intervention in the market. This book is ideal for students of economics.