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Download or read book The Nature and Efficiency of the Foreign Exchange Market written by and published by . This book was released on 1966 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Jerome L. Stein
Publisher : Princton, N.J. : International Finance Section, Department of Economics, Princeton University
ISBN 13 :
Total Pages : 58 pages
Book Rating : 4.:/5 (247 download)
Download or read book The Nature and Efficiency of the Foreign Exchange Market written by Jerome L. Stein and published by Princton, N.J. : International Finance Section, Department of Economics, Princeton University. This book was released on 1962 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Eastman Professor of Political Economy Jerome L Stein
Publisher :
ISBN 13 : 9781258081898
Total Pages : 60 pages
Book Rating : 4.0/5 (818 download)
Download or read book The Nature and Efficiency of the Foreign Exchange Market written by Eastman Professor of Political Economy Jerome L Stein and published by . This book was released on 2011-08 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Eric Josephson
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (959 download)
Download or read book The Nature and Efficiency of the Foreign Exchange Market written by Eric Josephson and published by . This book was released on 1962 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Jerome J. Stein
Publisher :
ISBN 13 :
Total Pages : 58 pages
Book Rating : 4.:/5 (612 download)
Download or read book The Nature and Efficiency of the Foreign Exchange Market written by Jerome J. Stein and published by . This book was released on 196? with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Thomas Oberlechner
Publisher : John Wiley & Sons
ISBN 13 : 0470012013
Total Pages : 278 pages
Book Rating : 4.4/5 (7 download)
Download or read book The Psychology of the Foreign Exchange Market written by Thomas Oberlechner and published by John Wiley & Sons. This book was released on 2005-07-08 with total page 278 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Author : Jerome L. Stein
Publisher :
ISBN 13 :
Total Pages : 310 pages
Book Rating : 4.3/5 (91 download)
Download or read book The Nature and Efficiency of the Foreign Exchange Market written by Jerome L. Stein and published by . This book was released on 1962 with total page 310 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : R. Hodrick
Publisher : Routledge
ISBN 13 : 1136455213
Total Pages : 185 pages
Book Rating : 4.1/5 (364 download)
Download or read book The Empirical Evidence on the Efficiency of Forward and Futures Foreign Exchange Markets written by R. Hodrick and published by Routledge. This book was released on 2014-05-01 with total page 185 pages. Available in PDF, EPUB and Kindle. Book excerpt: First Published in 2001. Routledge is an imprint of Taylor & Francis, an informa company.
Author : Craig Hakkio
Publisher : Routledge
ISBN 13 : 1351801686
Total Pages : 100 pages
Book Rating : 4.3/5 (518 download)
Download or read book Expectations and the Foreign Exchange Market written by Craig Hakkio and published by Routledge. This book was released on 2017-04-21 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Author : William D. Gerdes
Publisher : Business Expert Press
ISBN 13 : 1947098713
Total Pages : 111 pages
Book Rating : 4.9/5 (47 download)
Download or read book The Basics of Foreign Exchange Markets written by William D. Gerdes and published by Business Expert Press. This book was released on 2018-03-19 with total page 111 pages. Available in PDF, EPUB and Kindle. Book excerpt: In an increasingly interdependent global economy, an understanding of foreign exchange markets is more critical than ever. These markets are inextricably entwined with underlying monetary standards and consequently they are treated conjointly in this book. Four different foreign exchange rate regimes are analyzed including exchange rates under commodity money, fiduciary money, fiat money (with fixed exchange rates), and fiat money (with flexible exchange rates). For more than eight decades, most countries have operated with fiat money. Proponents maintain that fiat money provides individual countries with much greater monetary autonomy. Yet both analytics and experience indicate that this is not always the case. Whether a country has more monetary autonomy depends on whether fiat money is paired with fixed or flexible exchange rates. Although flexible exchange rate regimes are not without their critics, it has become increasingly apparent that fiat money with flexible rates provides individual countries much greater monetary autonomy. This arrangement allows participants in foreign exchange markets greater latitude for adjusting to the wide variations in national monetary policies that are prevalent with fiat money. Several audiences may find this book beneficial: undergraduate students in economics and finance, students of international business, graduate students, students in executive programs who need to expand their knowledge of international finance, and practicing executives and managers—especially those who are employed by companies operating globally.
Author : Richard E. Baldwin
Publisher :
ISBN 13 :
Total Pages : 48 pages
Book Rating : 4.:/5 (318 download)
Download or read book Re-interpreting the Failure of Foreign Exchange Market Efficiency Tests written by Richard E. Baldwin and published by . This book was released on 1990 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: Small transaction costs and uncertainty imply that optimal cross-currency interest rate speculation is marked by a first-order hysteresis band. Consequently uncovered interest parity does not hold and market efficiency tests based on it are misspecified. Indeed measured prediction errors are a combination of true prediction errors and a wedge that consists of the "option value" of being in foreign currency and either plus or minus the transaction cost. Due to the nature of this wedge, we should expect measured prediction errors to be serially correlated, correlated with the current forward rate and perhaps have a non-zero mean, if the interest differential itself is serially correlated. The existence of the wedge helps account both for the failure of market efficiency tests and the difficulties in finding an empirically successful model of the risk premium
Author : Jerome L. Stein
Publisher :
ISBN 13 :
Total Pages : 58 pages
Book Rating : 4.:/5 (62 download)
Download or read book The Nature and Efficiency of the Foreign Exhange Market written by Jerome L. Stein and published by . This book was released on 1962 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Jaouad Ejjilali
Publisher : Independently Published
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.3/5 (253 download)
Download or read book Mastering Forex Trading written by Jaouad Ejjilali and published by Independently Published. This book was released on 2024-05-11 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Brief overview of the foreign exchange (forex) market The foreign exchange market, commonly known as forex or FX, is the largest financial market in the world. It is where currencies are traded, allowing individuals, institutions, corporations, and governments to buy and sell currencies with the aim of making a profit. Key Features of the Forex Market: 24-Hour Trading: Unlike stock markets, which have specific trading hours, the forex market operates 24 hours a day, five days a week. This continuous operation is made possible by the global nature of the market, with trading centers located in major financial hubs around the world, including New York, London, Tokyo, and Sydney. High Liquidity: The forex market is highly liquid, meaning that there are always buyers and sellers available for almost every currency pair. This liquidity allows traders to enter and exit positions quickly and at a desired price, minimizing slippage. Wide Range of Participants: The forex market is accessible to a wide range of participants, including retail traders, institutional investors, banks, hedge funds, multinational corporations, and central banks. Each participant plays a unique role in the market, contributing to its overall liquidity and efficiency. Leverage and Margin Trading: Forex trading often involves the use of leverage, which allows traders to control larger positions with a smaller amount of capital. This amplifies both potential profits and losses, making risk management essential for successful trading. Currency Pairs: Currencies are traded in pairs, with each pair consisting of a base currency and a quote currency. The exchange rate of a currency pair represents the amount of quote currency required to purchase one unit of the base currency. Major currency pairs, such as EUR/USD, GBP/USD, and USD/JPY, are the most heavily traded pairs in the forex market. Market Participants: The forex market is driven by a variety of factors, including economic data releases, geopolitical events, central bank policies, and market sentiment. Traders analyze these factors to make informed trading decisions and anticipate future price movements. Overall, the forex market offers opportunities for traders to profit from fluctuations in currency exchange rates, but it also carries inherent risks. Success in forex trading requires a solid understanding of market dynamics, risk management strategies, and the ability to adapt to changing market conditions
Author : Martin Guérard
Publisher :
ISBN 13 :
Total Pages : 124 pages
Book Rating : 4.:/5 (428 download)
Download or read book The Efficiency of the Foreign Exchange Market written by Martin Guérard and published by . This book was released on 1999 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Richard T. Baillie
Publisher :
ISBN 13 :
Total Pages : 10 pages
Book Rating : 4.:/5 (156 download)
Download or read book Testing Rational Expectations and Efficiency in the Foreign Exchange Market written by Richard T. Baillie and published by . This book was released on 1981 with total page 10 pages. Available in PDF, EPUB and Kindle. Book excerpt:
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 : Richard T. Baillie
Publisher : Cambridge University Press
ISBN 13 : 9780521396905
Total Pages : 280 pages
Book Rating : 4.3/5 (969 download)
Download or read book The Foreign Exchange Market written by Richard T. Baillie and published by Cambridge University Press. This book was released on 1989 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: The flotation of exchange rates in the early 1970s saw a significant increase in the importance of foreign exchange markets and in the interest shown in them. Apart from the consequent institutional changes, this period also witnessed a revolution in macroeconomic analysis and finance theory based on the concept of rational expectations. This book provides an integrated approach to recent developments in the understanding of foreign exchange markets. It begins by charting the institutional background and looks at the recent history of movements in some of the major exchange rates. The theoretical sections focus on the economic and finance theory of the asset market approach, the macroeconomic models developed from this approach, and on interest rate parity theory. The empirical chapters draw on the authors' own research from a high quality set of exchange rate and interest rate data. The statistical properties of exchange rates are analysed; the relationship between spot and forward rates is examined; and the modelling and impact of new information on the forward and spot relationship is considered. The final chapter is devoted to the estimation and testing of exchange rate models.
