Expectations and the Foreign Exchange Market (Routledge Library Editions: Exchange Rate Economics)
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- Synopsis
- 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.
- Copyright:
- 1984
Book Details
- Book Quality:
- Publisher Quality
- Book Size:
- 108 Pages
- ISBN-13:
- 9781351801683
- Related ISBNs:
- 9781138633230, 9781315207780, 9781138633223
- Publisher:
- Taylor and Francis
- Date of Addition:
- 08/11/20
- Copyrighted By:
- Craig S. Hakkio
- Adult content:
- No
- Language:
- English
- Has Image Descriptions:
- No
- Categories:
- Nonfiction, Business and Finance
- Submitted By:
- Bookshare Staff
- Usage Restrictions:
- This is a copyrighted book.