Intradaily Exchange Rate Movements

Download Intradaily Exchange Rate Movements full books in PDF, epub, and Kindle. Read online Intradaily Exchange Rate Movements ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!

Intradaily Exchange Rate Movements

Author : Dominique M. Guillaume
Publisher : Springer Science & Business Media
ISBN 13 : 1461546214
Total Pages : 173 pages
Book Rating : 4.4/5 (615 download)

DOWNLOAD NOW!

Book Synopsis Intradaily Exchange Rate Movements by : Dominique M. Guillaume

Download or read book Intradaily Exchange Rate Movements written by Dominique M. Guillaume and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 173 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the late 1980s, as the empirical appeal of macro-economic exchange rate models began to fade, a few people including Professor Charles Goodhart at the London School of Economics and researchers at Olsen & Associates in Zurich, started to collect intra-daily exchange rate data. The resulting database provides new insight into the foreign exchange markets and thereby opens up previously unexplored avenues of research. Intra-Daily Exchange Rate Movements presents an extensive study of the Olsen & Associates database and is one of the first monographs in this exciting new area. This book aims to provide a systematic study of the characteristics of intra-daily exchange rate data as well as an empirical investigation into different approaches of modelling the exchange rate movements. First, the author describes empirical insights, which range from the distributional issues of exchange rate data to the impact of macroeconomic fundamentals and institutional characteristics. This leads to a survey of the main stylized facts. Using the O&A database, Guillaume then presents a systematic investigation of the empirical performance of three broad categories of models: macro-economic models using an extension of chaos theory, stochastic models including the GARCH and time-deformation models, and technical analysis. The book shows how these approaches can be used to model intra-daily exchange rate movements and highlights some of the pitfalls inherent in such an exercise. In an area where literature remains controversial, this book hopes to trigger further inquiries into the suitability of these different approaches to modelling.

Intraday Yen/dollar Exchange Rate Movements

Author : Takatoshi Itō
Publisher :
ISBN 13 :
Total Pages : 48 pages
Book Rating : 4.:/5 (318 download)

DOWNLOAD NOW!

Book Synopsis Intraday Yen/dollar Exchange Rate Movements by : Takatoshi Itō

Download or read book Intraday Yen/dollar Exchange Rate Movements written by Takatoshi Itō and published by . This book was released on 1988 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: Intraday movements in the yen/dollar rate are examined over the 1980-86 period using opening and closing quotes in the New York and Tokyo markets. The results indicate that random-walk behavior is violated about half of the time in various subsamples. However, the economic significance of departures from the random-walk model diminishes over time. Large jumps in the exchange rate also are examined, and some evidence on subsequent mean reversion is presented. Finally, the response of Japanese and U.S. stock prices suggests that intraday yen/dollar rate movements do contain at least some relevant information.

China’s Evolving Exchange Rate Regime

Author : Mr.Sonali Das
Publisher : International Monetary Fund
ISBN 13 : 1498302025
Total Pages : 31 pages
Book Rating : 4.4/5 (983 download)

DOWNLOAD NOW!

Book Synopsis China’s Evolving Exchange Rate Regime by : Mr.Sonali Das

Download or read book China’s Evolving Exchange Rate Regime written by Mr.Sonali Das and published by International Monetary Fund. This book was released on 2019-03-07 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: China’s exchange rate regime has undergone gradual reform since the move away from a fixed exchange rate in 2005. The renminbi has become more flexible over time but is still carefully managed, and depth and liquidity in the onshore FX market is relatively low compared to other countries with de jure floating currencies. Allowing a greater role for market forces within the existing regime, and greater two-way flexibility of the exchange rate, are important steps to build on the progress already made. This should be complemented by further steps to develop the FX market, improve FX risk management, and modernize the monetary policy framework.

Foreign Exchange Intervention Rules for Central Banks: A Risk-based Framework

Author : Romain Lafarguette
Publisher : International Monetary Fund
ISBN 13 : 1513569406
Total Pages : 33 pages
Book Rating : 4.5/5 (135 download)

DOWNLOAD NOW!

Book Synopsis Foreign Exchange Intervention Rules for Central Banks: A Risk-based Framework by : Romain Lafarguette

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.

Anatomy of Sudden Yen Appreciations

Author : Mr.Fei Han
Publisher : International Monetary Fund
ISBN 13 : 1498325394
Total Pages : 19 pages
Book Rating : 4.4/5 (983 download)

DOWNLOAD NOW!

Book Synopsis Anatomy of Sudden Yen Appreciations by : Mr.Fei Han

Download or read book Anatomy of Sudden Yen Appreciations written by Mr.Fei Han and published by International Monetary Fund. This book was released on 2019-07-01 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt: The yen is an important barometer for the Japanese economy. Depreciations are typically associated with favorable economic developments such as increased corporate profits, rising equity prices, and upward pressure on domestic consumer prices. On the other hand, large and sharp appreciations run the risk of lowering actual and expected inflation, squeezing corporate profits, generating a negative wealth effect through depressed equity prices, and reducing confidence in the Bank of Japan’s efforts to reflate the domestic economy and achieve the inflation target. This paper takes a closer look at underlying drivers of rapid yen appreciations, highlighting the key role of carry-trade and the zero lower bound as important amplifiers.

AI 2005: Advances in Artificial Intelligence

Author : Shichao Zhang
Publisher : Springer
ISBN 13 : 3540316523
Total Pages : 1369 pages
Book Rating : 4.5/5 (43 download)

DOWNLOAD NOW!

Book Synopsis AI 2005: Advances in Artificial Intelligence by : Shichao Zhang

Download or read book AI 2005: Advances in Artificial Intelligence written by Shichao Zhang and published by Springer. This book was released on 2005-11-27 with total page 1369 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 18th Australian Joint Conference on Artificial Intelligence (AI 2005) was held at the University of Technology, Sydney (UTS), Sydney, Australia from 5 to 9 December 2005. AI 2005 attracted a historical record number of submissions, a total of 535 papers. The review process was extremely selective. Out of these 535 submissions, the Program Chairs selected only 77 (14.4%) full papers and 119 (22.2%) short papers based on the review reports, making an acceptance rate of 36.6% in total. Authors of the accepted papers came from over 20 countries. This volume of the proceedings contains the abstracts of three keynote speeches and all the full and short papers. The full papers were categorized into three broad sections, namely: AI foundations and technologies, computational intelligence, and AI in specialized domains. AI 2005 also hosted several tutorials and workshops, providing an interacting mode for specialists and scholars from Australia and other countries. Ronald R. Yager, Geoff Webb and David Goldberg (in conjunction with ACAL05) were the distinguished researchers invited to give presentations. Their contributions to AI 2005 are really appreciated.

Exchange Rate Economics

Author : Ronald MacDonald
Publisher : Routledge
ISBN 13 : 1134838220
Total Pages : 334 pages
Book Rating : 4.1/5 (348 download)

DOWNLOAD NOW!

Book Synopsis Exchange Rate Economics by : Ronald MacDonald

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""

Peru

Author : Alejandro M. Werner
Publisher : International Monetary Fund
ISBN 13 : 1513599747
Total Pages : 458 pages
Book Rating : 4.5/5 (135 download)

DOWNLOAD NOW!

Book Synopsis Peru by : Alejandro M. Werner

Download or read book Peru written by Alejandro M. Werner and published by International Monetary Fund. This book was released on 2015-09-16 with total page 458 pages. Available in PDF, EPUB and Kindle. Book excerpt: Peru stands out among Latin American countries as an example of successful economic reforms over the past decade. This comprehensive look at Peru's economy traces that country's journey from a debt crisis in the 1980s to having buffers in place that allowed it to emerge unscathed from the global financial crisis. The book examines the steps Peru undertook to achieve these results and extracts lessons to be learned. Chapters are written by IMF staff and Peruvian economists.

E-Service Intelligence

Author : Jie Lu
Publisher : Springer
ISBN 13 : 354037017X
Total Pages : 713 pages
Book Rating : 4.5/5 (43 download)

DOWNLOAD NOW!

Book Synopsis E-Service Intelligence by : Jie Lu

Download or read book E-Service Intelligence written by Jie Lu and published by Springer. This book was released on 2007-03-09 with total page 713 pages. Available in PDF, EPUB and Kindle. Book excerpt: Business organizations and governments are nowadays developing and providing internet based electronic services (e-services) featuring various intelligent functions. This book offers a thorough introduction and systematic overview of the new field e-service intelligence. It covers the state-of-the-art of e-service intelligence including both theorems and applications, and a broad range of topics are discussed.

Motives and Effectiveness of Forex Interventions

Author : Melesse Tashu
Publisher : International Monetary Fund
ISBN 13 : 1484340183
Total Pages : 31 pages
Book Rating : 4.4/5 (843 download)

DOWNLOAD NOW!

Book Synopsis Motives and Effectiveness of Forex Interventions by : Melesse Tashu

Download or read book Motives and Effectiveness of Forex Interventions written by Melesse Tashu and published by International Monetary Fund. This book was released on 2014-12-12 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper assesses empirically the motives and effectiveness of forex interventions in Peru. While the central bank of Peru states that its forex interventions aim only at containing excessive exchange rate volatility, the results of this paper show that, in practice, the interventions seem to have aimed at “leaning against the wind” as well. The results also show that forex sales, but not forex purchases, react to volatility, indicating asymmetry in the central bank’s reactions to episodes of appreciation and depreciation pressures. Similarly, the paper documents evidence of asymmetry in the effectiveness of forex interventions.

Stabilization of the Domestic and International Economy

Author : Karl Brunner
Publisher : Amsterdam : North-Holland Publishing Company ; New York : distributor for the U.S.A. and Canada, Elsevier
ISBN 13 :
Total Pages : 346 pages
Book Rating : 4.:/5 (2 download)

DOWNLOAD NOW!

Book Synopsis Stabilization of the Domestic and International Economy by : Karl Brunner

Download or read book Stabilization of the Domestic and International Economy written by Karl Brunner and published by Amsterdam : North-Holland Publishing Company ; New York : distributor for the U.S.A. and Canada, Elsevier. This book was released on 1977 with total page 346 pages. Available in PDF, EPUB and Kindle. Book excerpt: Compilation of research papers on national level and international aspects of economic policies for stabilization - discusses economic theories relating to business cycles, inflation and the steady state economy, wages indexation under uncertainty, structural unemployment and labour productivity of woman workers, social welfare under fixed and flexible exchange rates, eurodollars, petrodollars and world liquidity, etc. Graphs, references and statistical tables.

Foreign Exchange Intervention in Inflation Targeters in Latin America

Author : Mr.Marcos d Chamon
Publisher : International Monetary Fund
ISBN 13 : 1484393023
Total Pages : 320 pages
Book Rating : 4.4/5 (843 download)

DOWNLOAD NOW!

Book Synopsis Foreign Exchange Intervention in Inflation Targeters in Latin America by : Mr.Marcos d Chamon

Download or read book Foreign Exchange Intervention in Inflation Targeters in Latin America written by Mr.Marcos d Chamon and published by International Monetary Fund. This book was released on 2019-03-01 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: Foreign exchange intervention is widely used as a policy tool, particularly in emerging markets, but many facets of this tool remain limited, especially in the context of flexible exchange rate regimes. The Latin American experience can be informative because some of its largest countries adopted floating exchange rate regimes and inflation targeting while continuing to intervene in foreign exchange markets. This edited volume reviews detailed accounts from several Latin American countries’ central banks, and it provides insight into how and with what aim many interventions were decided and implemented. This book documents the effectiveness of intervention and pays special attention to the role of foreign exchange intervention policy within inflation-targeting monetary frameworks. The main lesson from Latin America’s foreign exchange interventions, in the context of inflation targeting, is that the region has had a considerable degree of success. Transparency and a clear communication policy have been key. For economies that are not highly dollarized, rules-based intervention helped contain financial instability and build international reserves while preserving inflation targets. The Latin American experience can help other countries in the design and implementation of their policies.

The Intra-daily Exchange Rate Dynamics and Monetary Policies After the G5 Agreement

Author : Takatoshi Ito
Publisher :
ISBN 13 :
Total Pages : 104 pages
Book Rating : 4.:/5 (318 download)

DOWNLOAD NOW!

Book Synopsis The Intra-daily Exchange Rate Dynamics and Monetary Policies After the G5 Agreement by : Takatoshi Ito

Download or read book The Intra-daily Exchange Rate Dynamics and Monetary Policies After the G5 Agreement written by Takatoshi Ito and published by . This book was released on 1986 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper investigates determinants of yen appreciation from the G5 agreement of September 1985 to the end of May, 1986. During that period, four waves of appreciation separated by calm periods are identified. For each wave and calm period, the changes in the yen/dollar exchange rate are decomposed in those taken place in the Tokyo, Europe and New York markets. In addition, correlations among the yen, mark, and pound for each market for each wave are studied. The surprisingly strong effect of the G5 agreement on the exchange rate was due to the signaled U.S. policy change. The role of direct intervention by the Bank of Japan was rather limited at that point. The Bank of Japan, adopted the "high interest policy" in October 1985. By narrowing the interest rate gap between Japan and the United States, the Bank of Japan successfully led to another round of appreciation. A major cause of the third wave of yen appreciation starting January 24, 1986 was the decline in oil prices. After the third wave was over, the Bank of Japan started intervening the market in support of the dollar -- a reversal of direction. However, the effort was not successful to stop another round of yen appreciation. The fourth wave of appreciation in the middle of April was due to a mix of prospects of reducing the U.S. federal deficits and a further decline in oil prices. These findings are consistent with a view that the exchange rates respond mainly to news of fundamentals and that the exchange rates are not manageable by coordinated interventions alone.

Peru

Author : International Monetary Fund. Western Hemisphere Dept.
Publisher : International Monetary Fund
ISBN 13 : 1484395182
Total Pages : 69 pages
Book Rating : 4.4/5 (843 download)

DOWNLOAD NOW!

Book Synopsis Peru by : International Monetary Fund. Western Hemisphere Dept.

Download or read book Peru written by International Monetary Fund. Western Hemisphere Dept. and published by International Monetary Fund. This book was released on 2014-01-29 with total page 69 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Selected Issues paper examines application of fiscal framework alternatives to the case of Peru. Although growth has been at historical highs over the last decade, Peru still has an important infrastructure gap and a quarter of its population still lives in poverty. This paper applies illustratively new modified frameworks recently developed by the IMF to the case of Peru. It takes stock of analytical considerations to resource management, and analyzes Peru’s natural resource wealth and the investment climate. The paper also presents results from simulating alternative Permanent Income Hypothesis (PIH) based approaches and expenditure smoothing fiscal rules.

Handbook of Research Methods and Applications in Empirical Finance

Author : Adrian R. Bell
Publisher : Edward Elgar Publishing
ISBN 13 : 0857936093
Total Pages : 494 pages
Book Rating : 4.8/5 (579 download)

DOWNLOAD NOW!

Book Synopsis Handbook of Research Methods and Applications in Empirical Finance by : Adrian R. Bell

Download or read book Handbook of Research Methods and Applications in Empirical Finance written by Adrian R. Bell and published by Edward Elgar Publishing. This book was released on 2013-01-01 with total page 494 pages. Available in PDF, EPUB and Kindle. Book excerpt: This impressive Handbook presents the quantitative techniques that are commonly employed in empirical finance research together with real-world, state-of-the-art research examples. Written by international experts in their field, the unique approach describes a question or issue in finance and then demonstrates the methodologies that may be used to solve it. All of the techniques described are used to address real problems rather than being presented for their own sake, and the areas of application have been carefully selected so that a broad range of methodological approaches can be covered. The Handbook is aimed primarily at doctoral researchers and academics who are engaged in conducting original empirical research in finance. In addition, the book will be useful to researchers in the financial markets and also advanced Masters-level students who are writing dissertations.

Encyclopedia Of International Economics And Global Trade (In 3 Volumes)

Author :
Publisher : World Scientific
ISBN 13 : 9811200572
Total Pages : 1044 pages
Book Rating : 4.8/5 (112 download)

DOWNLOAD NOW!

Book Synopsis Encyclopedia Of International Economics And Global Trade (In 3 Volumes) by :

Download or read book Encyclopedia Of International Economics And Global Trade (In 3 Volumes) written by and published by World Scientific. This book was released on 2020-03-23 with total page 1044 pages. Available in PDF, EPUB and Kindle. Book excerpt: In an era when trade and currency wars threaten to end a long-standing period of growing trade and capital flows, the economics of international trade, investment and finance have become more important than ever. This three-volume Encyclopedia provides a comprehensive and up-to-date overview of the theory and evidence on the causes and consequences of global trade, and the theory and evidence on the economics of international trade, financial and monetary transactions.It provides, first of all, a comprehensive set of entries explaining the key theoretical concepts in international economics as well as the latest empirical and simulation techniques used in the academic literature. In addition, various entries present the history behind — and the controversies surrounding — the core current global trade and monetary institutions, from the World Trade Organization to the European Monetary Union.The three volumes also provide a serious discussion of today's central policy debates, including the impact of globalization on employment, wages and income distribution, the imposition of controls on international financial flows, the effects of tariffs and protectionist policies, fixed versus flexible exchange rate regimes, and the role of the multinational enterprise on global growth, technical change and income distribution, among many others.

Managing Risks in Commercial and Retail Banking

Author : Amalendu Ghosh
Publisher : John Wiley & Sons
ISBN 13 : 1118103564
Total Pages : 397 pages
Book Rating : 4.1/5 (181 download)

DOWNLOAD NOW!

Book Synopsis Managing Risks in Commercial and Retail Banking by : Amalendu Ghosh

Download or read book Managing Risks in Commercial and Retail Banking written by Amalendu Ghosh and published by John Wiley & Sons. This book was released on 2012-02-03 with total page 397 pages. Available in PDF, EPUB and Kindle. Book excerpt: A practical guide to the practices and procedures of effectively managing banking risks Managing Risks in Commercial and Retail Banking takes an in-depth, logical look at dealing with all aspects of risk management within the banking sector. It presents complex processes in a simplified way by providing real-life situations and examples. The book examines all dimensions of the risks that banks face—both the financial risks—credit, market, and operational—and the non-financial risks—money laundering, information technology, business strategy, legal, and reputational. Focusing on methods and models for identifying, measuring, monitoring, and controlling risks, it provides practical advice backed up by solid theories, without resorting to the use of complicated mathematical and statistical formulas. Author Amalendu Ghosh exposes topics that are usually absent in books on managing banking risk—such as design of control framework, risk management architecture, credit risk rating, risk-based loan pricing, portfolio analysis, business continuity planning, and corporate governance. Author has extensive experience with a variety of major banks and institutions worldwide and brings a fresh perspective in the wake of the global finance crisis Presents a novel approach using models of the credit risk rating of different types of borrowers, the methodology for assigning weights for deriving the rating, and the scoring process Covers the essentials of corporate governance and options for credit risk assessment in line with the recommendations made in the New Basel Capital Accord Explains the methodology of risk-based internal audit, including techniques to enable bank branches to switch over from the old transaction-based audit methods With its logical sequence of the aspects of risk management, the book's layout is ideal for presentations, making it a handy tool for risk management training