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Author : Salvatore Rossi
Publisher :
ISBN 13 :
Total Pages : 28 pages
Book Rating : 4.:/5 (841 download)
Download or read book Foreign Exchange Speculation in the Very Short Run written by Salvatore Rossi and published by . This book was released on 1983 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Brendan Brown
Publisher : Routledge
ISBN 13 : 1351802143
Total Pages : 158 pages
Book Rating : 4.3/5 (518 download)
Download or read book The Forward Market in Foreign Exchange written by Brendan Brown and published by Routledge. This book was released on 2017-04-21 with total page 158 pages. Available in PDF, EPUB and Kindle. Book excerpt: Originally published in 1983. With the prevailing uncertainties and wild fluctuation in exchange values at the time, the forward market in foreign exchange had become a vital issue for both governments and business corporations. This book by an expert practitioner in foreign exchange dealing describes how the forward market functions and analyses the constituent elements in its behaviour. The two principal types of foreign exchange deal are examined; forward outright and swap, and explanations are given of how both operate. The linkage between forward rates and interest rates is also considered and the book investigates what factors cause deviation from parity conditions. In addition, there is a discussion of political risk and the forward contract and the role of speculation in forward exchange as well as the methods of hedging.
Author : Laurence Krause
Publisher : Routledge
ISBN 13 : 1000312895
Total Pages : 314 pages
Book Rating : 4.0/5 (3 download)
Download or read book Speculation And The Dollar written by Laurence Krause and published by Routledge. This book was released on 2019-07-11 with total page 314 pages. Available in PDF, EPUB and Kindle. Book excerpt: I began serious consideration of the issues and subject matter that comprise this book as a graduate student at the University of Massachusetts at Amherst. In need of a dissertation topic and vaguely curious about international monetary economics, I decided to sit in on Leonard Rapping's undergraduate course on international finance. Needless to say, I was soon hooked. Within several months I was teaching my own course on international money and beginning to write an outline of what would become my doctoral dissertation on foreign exchange speculation. Once completed the dissertation thesis became this basis for this book.
Author : Fred R. Glahe
Publisher :
ISBN 13 :
Total Pages : 76 pages
Book Rating : 4.X/5 ( download)
Download or read book An Empirical Study of the Foreign-exchange Market: Test of a Theory written by Fred R. Glahe and published by . This book was released on 1967 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Utpal Bhattacharya
Publisher :
ISBN 13 :
Total Pages : 46 pages
Book Rating : 4.X/5 (2 download)
Download or read book The Advantage to Hiding One's Hand written by Utpal Bhattacharya and published by . This book was released on 1992 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Yin-Wong Cheung
Publisher :
ISBN 13 :
Total Pages : 58 pages
Book Rating : 4.:/5 (318 download)
Download or read book Macroeconomic Implications of the Beliefs and Behavior of Foreign Exchange Traders written by Yin-Wong Cheung and published by . This book was released on 1999 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: We report findings from a survey of United States foreign exchange traders. Our results indicate that (i) technical trading best characterizes about 30% of traders, with this proportion rising from five years ago; (ii) news about macroeconomic variables is rapidly incorporated into exchange rates; (iii) the importance of individual macroeconomic variables shifts over time, although interest rates always appear to be important, and; (iv) economic fundamentals are perceived to be more important at longer horizons. The short run deviations of exchange rates from their fundamentals are attributed to excess speculation and institutional customer/hedge fund manipulation. Speculation is generally viewed positively, as enhancing market efficiency and liquidity, even though it exacerbates volatility. Central bank intervention does not appear to have a substantial effect, although there is general agreement that it increases volatility. Finally, traders do not view purchasing power parity as a useful concept, even though a significant proportion (40%) believe that it affects exchange rates at horizons of over six months.
Author : Jan Herin
Publisher : Routledge
ISBN 13 : 0429708165
Total Pages : 280 pages
Book Rating : 4.4/5 (297 download)
Download or read book Flexible Exchange Rates/h written by Jan Herin and published by Routledge. This book was released on 2019-03-12 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book contains the papers, comments, and the discussion at a conference on "Flexible Exchange Rates and Stabilization Policy", held at Saltsjobaden, Stockholm, August 26–27, 1975. The papers integrate the flexible exchange rates theory with macro theory and stabilization policy analysis. .
Author : Romain Lafarguette
Publisher : International Monetary Fund
ISBN 13 : 1513569406
Total Pages : 33 pages
Book Rating : 4.5/5 (135 download)
Download or read book Foreign Exchange Intervention Rules for Central Banks: A Risk-based Framework written by Romain Lafarguette and published by International Monetary Fund. This book was released on 2021-02-12 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents a rule for foreign exchange interventions (FXI), designed to preserve financial stability in floating exchange rate arrangements. The FXI rule addresses a market failure: the absence of hedging solution for tail exchange rate risk in the market (i.e. high volatility). Market impairment or overshoot of exchange rate between two equilibria could generate high volatility and threaten financial stability due to unhedged exposure to exchange rate risk in the economy. The rule uses the concept of Value at Risk (VaR) to define FXI triggers. While it provides to the market a hedge against tail risk, the rule allows the exchange rate to smoothly adjust to new equilibria. In addition, the rule is budget neutral over the medium term, encourages a prudent risk management in the market, and is more resilient to speculative attacks than other rules, such as fixed-volatility rules. The empirical methodology is backtested on Banco Mexico’s FXIs data between 2008 and 2016.
Author : Carol Lee Osler
Publisher :
ISBN 13 :
Total Pages : 76 pages
Book Rating : 4.3/5 (512 download)
Download or read book Short-term Speculators and the Origins of Near-random-walk Exchange Rate Behavior written by Carol Lee Osler and published by . This book was released on 1995 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Banco de Pagos Internacionales (Basilea, Suiza). Departamento Monetario y Económico
Publisher :
ISBN 13 : 9789291319626
Total Pages : 0 pages
Book Rating : 4.3/5 (196 download)
Download or read book Market Volatility and Foreign Exchange Intervention in EMEs written by Banco de Pagos Internacionales (Basilea, Suiza). Departamento Monetario y Económico and published by . This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Ronald MacDonald
Publisher : Routledge
ISBN 13 : 1134838220
Total Pages : 334 pages
Book Rating : 4.1/5 (348 download)
Download or read book Exchange Rate Economics written by Ronald MacDonald and published by Routledge. This book was released on 2005 with total page 334 pages. Available in PDF, EPUB and Kindle. Book excerpt: ''In summary, the book is valuable as a textbook both at the advanced undergraduate level and at the graduate level. It is also very useful for the economist who wants to be brought up-to-date on theoretical and empirical research on exchange rate behaviour.'' ""Journal of International Economics""
Author : Laura Sether
Publisher : Traders Press
ISBN 13 : 9781934354100
Total Pages : 226 pages
Book Rating : 4.3/5 (541 download)
Download or read book Forex Trading written by Laura Sether and published by Traders Press. This book was released on 2009 with total page 226 pages. Available in PDF, EPUB and Kindle. Book excerpt: Trading forex is completely different from trading other markets. With low entry costs, 24-hour accessibility, global players and high degrees of leverage, there are enormous opportunities but also very real potential hazards along the way if you don t know what you re doing. Leverage can work both ways you control large positions, but small moves in your favor can mean big returns on your investment. For these reasons, forex trading deserves its own volume, devoted entirely to SFO (Stocks, Futures, Options) Magazine articles explaining the ins and outs of currency trading. Forex traders don t need to follow hundreds of stocks or commodities to get a flavor for the market just the movements of eight major currencies: the U.S. dollar, Japanese yen, European Union euro, British pound, Canadian dollar, Australian dollar, New Zealand dollar and Swiss franc. Trading a country¿s currency is like trading the outlook for the country, so it helps to have a bit of fundamental knowledge. But it s also a highly technical form of trading. This book helps you assess how to best synthesize your forex strategies to make the most of market movements. Learn from the top forex trading experts in the world. The key to trading currencies is figuring out what central banks will do before they actually make their moves.
Author : Jeffrey A. Frankel
Publisher :
ISBN 13 :
Total Pages : 74 pages
Book Rating : 4.:/5 (318 download)
Download or read book How Well Do Foreign Exchange Markets Function written by Jeffrey A. Frankel and published by . This book was released on 1996 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt: Figures for 1995 estimate trading by dealers in the foreign exchange market at over $1,200 billion per day, most of it with other dealers. Some have linked this volume to concerns of excessive volatility in the market. Tobin's proposal to address this volatility with a small tax on all foreign exchange transactions has not received the serious attention it deserves. The paper argues that a better case can be made for the proposition that the tax might dampen exchange rate volatility than most economists believe. Calculations show that the tax, unlike some forms of capital control, would fall far more heavily on short-term transactions than long-term. Survey data and a simple model suggest, in turn, that short-term activity can be destabilizing. The paper also offers crude estimates of the revenue that would be raised from the Tobin tax. It is left to other authors to examine a major shortcoming of the proposal, enforceability.
Author : Jacob Frenkel
Publisher : Routledge
ISBN 13 : 1135043493
Total Pages : 389 pages
Book Rating : 4.1/5 (35 download)
Download or read book The Monetary Approach to the Balance of Payments written by Jacob Frenkel and published by Routledge. This book was released on 2013-07-18 with total page 389 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book collects together the basic documents of an approach to the theory and policy of the balance of payments developed in the 1970s. The approach marked a return to the historical traditions of international monetary theory after some thirty years of departure from them – a departure occasioned by the international collapse of the 1930s, the Keynesian Revolution and a long period of war and post-war reconstruction in which the international monetary system was fragmented by exchange controls, currency inconvertibility and controls over international trade and capital movements.
Author : Arthur Crump
Publisher :
ISBN 13 :
Total Pages : 164 pages
Book Rating : 4.:/5 (891 download)
Download or read book The Theory of Stock Exchange Speculation written by Arthur Crump and published by . This book was released on 1887 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Malte Krueger
Publisher :
ISBN 13 :
Total Pages : 77 pages
Book Rating : 4.:/5 (129 download)
Download or read book Speculation, Hedging and Intermediation in the Foreign Exchange Market written by Malte Krueger and published by . This book was released on 2008 with total page 77 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this study, it is attempted to estimate the amount of speculation in foreign exchange markets. Such an estimate is hard to make because it is theoretically as well as empirically difficult to delimitate speculation in relation to other activities. In particular, the destination between speculation and hedging is highly problematic. Notwithstanding these difficulties it is shown how the composition of gross flows can be used to derive information about speculation and hedging.In an extensive analysis of the interconnections of various fx market activities it is shown that hedging may generate large short-term capital flows which cannot be easily distinguished from speculation. The size of these flows does not only depend on capital and trade flows but also on net and gross stocks of foreign assets and liabilities.Based on these findings, an analysis of capital flows between Spain and the rest of the world shows that a larger part than earlier believed of the capital outflows during the EMS crisis may have been due to hedging. The second case study which focuses on Japan reveals remarkable changes in the behaviour of Japanese and/or foreign investors.What are the implications for economic policy? The study highlights the significance of stocks of open fx positions of foreigners and residents. If these stocks have been accumulating over many years, any crisis of confidence may trigger large outflows due to hedging, the size of which may by far be more important than the potential amount of speculation. Such hedging activities would hardly be deterred by a Tobin-tax or similar devices.
Author :
Publisher :
ISBN 13 :
Total Pages : 328 pages
Book Rating : 4.:/5 (42 download)
Download or read book Exchange rates, trade, and the U.S. economy written by and published by . This book was released on 1985 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt:
