Overconfidence In Currency Markets
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Overconfidence In Currency Markets
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Author : Thomas Oberlechner
language : en
Publisher:
Release Date : 2009
Overconfidence In Currency Markets written by Thomas Oberlechner and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with categories.
The Psychology Of The Foreign Exchange Market
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Author : Thomas Oberlechner
language : en
Publisher: John Wiley & Sons
Release Date : 2005-07-08
The Psychology Of The Foreign Exchange Market written by Thomas Oberlechner and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005-07-08 with Business & Economics categories.
This book demystifies the foreign exchange market by focusing on the people who comprise it. Drawing on the expertise of the very professionals whose decisions help shape the market, Thomas Oberlechner describes the highly interdependent relationship between financial decision makers and news providers, showing that the assumption that the foreign exchange market is purely economic and rational has to be replaced by a more complex market psychology.
Investor Overconfidence And The Forward Premium Puzzle
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Author : Craig Burnside
language : en
Publisher:
Release Date : 2010
Investor Overconfidence And The Forward Premium Puzzle written by Craig Burnside and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with Confidence categories.
We offer an explanation for the forward premium puzzle in foreign exchange markets based upon investor overconfidence. In the model, overconfident individuals overreact to their information about future inflation, which causes greater overshooting in the forward rate than in the spot rate. Thus, when agents observe a signal of higher future inflation, the consequent rise in the forward premium predicts a subsequent downward correction of the spot rate. The model can explain the magnitude of the forward premium bias and several other stylized facts related to the joint behavior of forward and spot exchange rates. Our approach is also consistent with the availability of profitable carry trade strategies.
The Complete Idiot S Mini Guide To Demystifying The Foreignexchange Market
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Author : Gregory Rehmke
language : en
Publisher: Dorling Kindersley Ltd
Release Date : 2010-11-02
The Complete Idiot S Mini Guide To Demystifying The Foreignexchange Market written by Gregory Rehmke and has been published by Dorling Kindersley Ltd this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-11-02 with Business & Economics categories.
When Wall Street stubs a toe, markets around the world say "ouch!" But exactly how the foreign exchange market works is a mystery that can give you a migraine.Come out from the covers! The Complete Idiot's Mini Guide to Demystfying the Foreign Exchange Market provides the grounding you need to grasp this confusing aspect of the global economy. In it you get: *The foreign exchange market explained. *How market forces and exchange rates are determined. *Supply, demand, and equilibrium. *Speculating on exchange.
What Drives Currency Markets
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Author : Brian Kettell
language : en
Publisher: Financial Times/Prentice Hall
Release Date : 2000
What Drives Currency Markets written by Brian Kettell and has been published by Financial Times/Prentice Hall this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000 with Business & Economics categories.
The aim of this text is to place readers in the ideal position to assess new market moves quickly and accurately, interpret market indicators correctly, anticipate others' moves while there's still time to profit and avoid being caught out by sharp price moves in rapidly changing financial markets.
Money Hard And Soft
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Author : Brendan Brown
language : en
Publisher:
Release Date : 1978
Money Hard And Soft written by Brendan Brown and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1978 with Foreign exchange categories.
The Behavior Of Financial Markets Under Rational Expectations
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Author : Yan Han
language : en
Publisher: Bridge 21 Publications
Release Date : 2022-10-14
The Behavior Of Financial Markets Under Rational Expectations written by Yan Han and has been published by Bridge 21 Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-10-14 with Business & Economics categories.
The financial markets have become more and more important in modern society. The behavior of the financial markets, and its impacts on our society, relies crucially on the behavior of market participants, aka the investors of different types. Although descriptions of the financial markets on the macro level have caught great attentions of investors, regulators, and the ordinary people, how the market participants interact with each other in the financial market may provide deeper insights on how and why the financial markets behave. This book tries to supply as much research on the micro level of financial market behavior as possible to the readers. The author has been doing financial research, especially on the micro level, during the past two decades. The academic research on this broad area has undergone a rapid growth, with new results, methods, theories, and even paradigms, emerging and burgeoning almost every year. As a financial researcher in one of Chinas top universities, the author has kept monitoring, digesting, and synthesizing the research articles in the area. This book is the outcome of this decades-long routine research work of the author. The book covers the fundamental economic theories of how different investors receive and interpret information. The empirical results of investors behavior are also discussed in depth. The book also shows the basic academic techniques of modeling the investors behavior.
The Folly Of Fools
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Author : Robert Trivers
language : en
Publisher: Basic Books
Release Date : 2011-10-25
The Folly Of Fools written by Robert Trivers and has been published by Basic Books this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-10-25 with Science categories.
Explores the author's theorized evolutionary basis for self-deception, which he says is tied to group conflict, courtship, neurophysiology, and immunology, but can be negated by awareness of it and its results.
Asset Prices And Monetary Policy
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Author : John Y. Campbell
language : en
Publisher: University of Chicago Press
Release Date : 2008-11-15
Asset Prices And Monetary Policy written by John Y. Campbell 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 2008-11-15 with Business & Economics categories.
Economic growth, low inflation, and financial stability are among the most important goals of policy makers, and central banks such as the Federal Reserve are key institutions for achieving these goals. In Asset Prices and Monetary Policy, leading scholars and practitioners probe the interaction of central banks, asset markets, and the general economy to forge a new understanding of the challenges facing policy makers as they manage an increasingly complex economic system. The contributors examine how central bankers determine their policy prescriptions with reference to the fluctuating housing market, the balance of debt and credit, changing beliefs of investors, the level of commodity prices, and other factors. At a time when the public has never been more involved in stocks, retirement funds, and real estate investment, this insightful book will be useful to all those concerned with the current state of the economy.
Handbook Of Exchange Rates
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Author : Jessica James
language : en
Publisher: John Wiley & Sons
Release Date : 2012-05-29
Handbook Of Exchange Rates written by Jessica James and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-05-29 with Business & Economics categories.
Praise for Handbook of Exchange Rates “This book is remarkable. I expect it to become the anchor reference for people working in the foreign exchange field.” —Richard K. Lyons, Dean and Professor of Finance, Haas School of Business, University of California Berkeley “It is quite easily the most wide ranging treaty of expertise on the forex market I have ever come across. I will be keeping a copy close to my fingertips.” —Jim O’Neill, Chairman, Goldman Sachs Asset Management How should we evaluate the forecasting power of models? What are appropriate loss functions for major market participants? Is the exchange rate the only means of adjustment? Handbook of Exchange Rates answers these questions and many more, equipping readers with the relevant concepts and policies for working in today’s international economic climate. Featuring contributions written by leading specialists from the global financial arena, this handbook provides a collection of original ideas on foreign exchange (FX) rates in four succinct sections: • Overview introduces the history of the FX market and exchange rate regimes, discussing key instruments in the trading environment as well as macro and micro approaches to FX determination. • Exchange Rate Models and Methods focuses on forecasting exchange rates, featuring methodological contributions on the statistical methods for evaluating forecast performance, parity relationships, fair value models, and flow–based models. • FX Markets and Products outlines active currency management, currency hedging, hedge accounting; high frequency and algorithmic trading in FX; and FX strategy-based products. • FX Markets and Policy explores the current policies in place in global markets and presents a framework for analyzing financial crises. Throughout the book, topics are explored in-depth alongside their founding principles. Each chapter uses real-world examples from the financial industry and concludes with a summary that outlines key points and concepts. Handbook of Exchange Rates is an essential reference for fund managers and investors as well as practitioners and researchers working in finance, banking, business, and econometrics. The book also serves as a valuable supplement for courses on economics, business, and international finance at the upper-undergraduate and graduate levels.