Expectations And The Foreign Exchange Market
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Expectations And The Foreign Exchange Market
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Author : Craig Hakkio
language : en
Publisher: Routledge
Release Date : 2017-04-21
Expectations And The Foreign Exchange Market written by Craig Hakkio and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-04-21 with Business & Economics categories.
Originally published in 1984. This book examines two important dimensions of efficiency in the foreign exchange market using econometric techniques. It responds to the macroeconomics trend to re-examining the theories of exchange rate determination following the erratic behaviour of exchange rates in the late 1970s. In particular the text looks at the relation between spot and forward exchange rates and the term structure of the forward premium, both of which require a joint test of market efficiency and the equilibrium model. Approaches used are the regression of spot rates on lagged forward rates and an explicit time series analysis of the spot and forward rates, using data from Canada, the United Kingdom, the Netherlands, Switzerland and Germany.
Expectations And The Foreign Exchange Market
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Author : Craig Stephan Hakkio
language : en
Publisher: Dissertations-G
Release Date : 1984
Expectations And The Foreign Exchange Market written by Craig Stephan Hakkio and has been published by Dissertations-G this book supported file pdf, txt, epub, kindle and other format this book has been release on 1984 with Foreign exchange categories.
Testing Rational Expectations And Efficiency In The Foreign Exchange Market
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Author : Richard T. Baillie
language : en
Publisher:
Release Date : 1981
Testing Rational Expectations And Efficiency In The Foreign Exchange Market written by Richard T. Baillie and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1981 with Foreign exchange categories.
Heterogeneous Expectations In The Foreign Exchange Market
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Author : Ralf Ahrens
language : en
Publisher:
Release Date : 2003
Heterogeneous Expectations In The Foreign Exchange Market written by Ralf Ahrens and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with categories.
The Role Of Expectations In The Foreign Exchange Market
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Author : Karen Elizabeth Parker
language : en
Publisher:
Release Date : 1991
The Role Of Expectations In The Foreign Exchange Market written by Karen Elizabeth Parker 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 market categories.
Testing Rational Expectations And Efficiency In The Foreign Exchange Market
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Author : Richard T. Baillie
language : en
Publisher:
Release Date : 1981
Testing Rational Expectations And Efficiency In The Foreign Exchange Market written by Richard T. Baillie and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1981 with Foreign exchange categories.
Expectations Risk And Uncertainty In The Foreign Exchange Market
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Author : Mark P. Taylor
language : en
Publisher:
Release Date : 1987
Expectations Risk And Uncertainty In The Foreign Exchange Market written by Mark P. Taylor and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1987 with Foreign exchange categories.
Rational Expectations And The Foreign Exchange Market
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Author : Peter Hartley
language : en
Publisher:
Release Date : 1982
Rational Expectations And The Foreign Exchange Market written by Peter Hartley and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1982 with Foreign exchange categories.
Many models of exchange rate determination imply that movements in money supplies and demands should result in movements in exchange rates. Hence, if rational agents are attempting to forecast exchange rate movements, they should in the first instance forecast movements in the supplies of and demands for money balances. Furthermore, if these underlying variables follow some stable autoregressive processes agents should use those processes to make their forecasts. If we identify the forward rate with the market's expectation for the future spot rate, rationality of expectations will imply testable cross-equation restrictions in a joint model of the autoregressions and exchange rate forecasting equation. This strategy is implemented in the paper using data on the L UK/$US and DM/$US exchange rates from the recent floating rate period.
The Empirical Evidence On The Efficiency Of Forward And Futures Foreign Exchange Markets
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Author : R. Hodrick
language : en
Publisher: Routledge
Release Date : 2014-05-01
The Empirical Evidence On The Efficiency Of Forward And Futures Foreign Exchange Markets written by R. Hodrick and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-05-01 with Business & Economics categories.
Robert Hodrick provides a foundation for developing quantitive measures of risk and expected return in international finance.
The Behavioral Economics Of Foreign Exchange Markets
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Author : Robert Schmidt
language : en
Publisher: Peter Lang Publishing
Release Date : 2006
The Behavioral Economics Of Foreign Exchange Markets written by Robert Schmidt and has been published by Peter Lang Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with Business & Economics categories.
This book deals with psychological factors, which may be important for understanding the observable exchange rate movements. Thus, the study belongs to the new research field of behavioral economics, which considers the relevance of psychological factors in economic contexts. The main objective of behavioral economists is to develop a more realistic view of the actual human behavior in the context of economics. Central to the concept of behavioral economics is the assumption that humans' actual behavior deviates from the ideal of economic rationality due to at least two reasons: first, decisions are usually based on an incomplete information basis and, second, the information processing of human beings is limited by their computational capacities. Due to these limitations people are forced to apply simple heuristics in information processing. Our aim is to analyze the relevance of simple heuristics in the context of foreign exchange markets. In our view, the decision situation in foreign exchange markets can serve as a prime example for decision situations in which simple heuristics are especially relevant as the complexity of the decision situation is very high.
