Market Volatility and Foreign Exchange Intervention in EMEs

Market Volatility and Foreign Exchange Intervention in EMEs PDF Author: Banco de Pagos Internacionales (Basilea, Suiza). Departamento Monetario y Económico
Publisher:
ISBN: 9789291319626
Category : Banks and banking, Central
Languages : es
Pages : 0

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Market Volatility and Foreign Exchange Intervention in EMEs

Market Volatility and Foreign Exchange Intervention in EMEs PDF Author: Banco de Pagos Internacionales (Basilea, Suiza). Departamento Monetario y Económico
Publisher:
ISBN: 9789291319626
Category : Banks and banking, Central
Languages : es
Pages : 0

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Book Description


Empirical Evidence on the Efficiency of Forward and Futures Foreign Exchange Markets

Empirical Evidence on the Efficiency of Forward and Futures Foreign Exchange Markets PDF Author: Robert J. Hodrick
Publisher: CRC Press
ISBN: 1000943380
Category : Mathematics
Languages : en
Pages : 190

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Book Description
This book presents a critical review of the empirical literature that studies the efficiency of the forward and futures markets for foreign exchange. It provides a useful foundation for research in developing quantitative measures of risk and expected return in international finance.

Exchange Rates and International Financial Economics

Exchange Rates and International Financial Economics PDF Author: J. Kallianiotis
Publisher: Springer
ISBN: 1137318880
Category : Business & Economics
Languages : en
Pages : 333

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Book Description
The recent financial crisis has troubled the US, Europe, and beyond, and is indicative of the integrated world in which we live. Today, transactions take place with the use of foreign currencies, and their values affect the nations' economies and their citizens' welfare. Exchange Rates and International Financial Economics provides readers with the historic, theoretical, and practical knowledge of these relative prices among currencies. While much of the previous work on the topic has been simply descriptive or theoretical, Kallianiotis gives a unique and intimate understanding of international exchange rates and their place in an increasingly globalized world.

Stabilization of the Domestic and International Economy

Stabilization of the Domestic and International Economy PDF Author: Karl Brunner
Publisher: Amsterdam : North-Holland Publishing Company ; New York : distributor for the U.S.A. and Canada, Elsevier
ISBN:
Category : Business & Economics
Languages : en
Pages : 346

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Book Description
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.

The Foreign Exchange Market

The Foreign Exchange Market PDF Author: Richard T. Baillie
Publisher: Cambridge University Press
ISBN: 9780521396905
Category : Business & Economics
Languages : en
Pages : 280

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Book Description
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.

IMF Staff papers, Volume 39 No. 1

IMF Staff papers, Volume 39 No. 1 PDF Author: International Monetary Fund. Research Dept.
Publisher: International Monetary Fund
ISBN: 1451956940
Category : Business & Economics
Languages : en
Pages : 220

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Book Description
This paper focuses on exchange rate economics. Two main views of exchange rate determination have evolved since the early 1970s: the monetary approach to the exchange rate (in flexible-price, sticky-price, and real interest differential formulations); and the portfolio balance approach. In this paper, the literature on these views is surveyed, followed by a discussion of the empirical evidence and likely future developments in the area of exchange rate determination. The literature on foreign exchange market efficiency, exchange rates and “news,” and international parity conditions is also reviewed.

The Microstructure of Foreign Exchange Markets

The Microstructure of Foreign Exchange Markets PDF Author: Jeffrey A. Frankel
Publisher: University of Chicago Press
ISBN: 0226260232
Category : Business & Economics
Languages : en
Pages : 358

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Book Description
The foreign exchange market is the largest, fastest-growing financial market in the world. Yet conventional macroeconomic approaches do not explain why people trade foreign exchange. At the same time, they fail to explain the short-run determinants of the exchange rate. These nine innovative essays use a microstructure approach to analyze the workings of the foreign exchange market, with special emphasis on institutional aspects and the actual behavior of market participants. They examine the volume of transactions, heterogeneity of traders, the time of day and location of trading, the bid-ask spread, and the high level of exchange rate volatility that has puzzled many observers. They also consider the structure of the market, including such issues as nontransparency, asymmetric information, liquidity trading, the use of automated brokers, the relationship between spot and derivative markets, and the importance of systemic risk in the market. This timely volume will be essential reading for anyone interested in the economics of international finance.

Handbook of International Economics

Handbook of International Economics PDF Author: R.W. Jones
Publisher: Elsevier
ISBN: 0444867937
Category : Business & Economics
Languages : en
Pages : 640

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Book Description
This Handbook adopts a traditional definition of the subject, and focuses primarily on the explanation of international transactions in goods, services, and assets, and on the main domestic effects of those transactions. The first volume deals with the "real side" of international economics. It is concerned with the explanation of trade and factor flows, with their main effects on goods and factor prices, on the allocation of resources and income distribution and on economic welfare, and also with the effects on national policies designed explicitly to influence trade and factor flows. In other words, it deals chiefly with microeconomic issues and methods. The second volume deals with the "monetary side" of the subject. It is concerned with the balance of payments adjustment process under fixed exchange rates, with exchange rate determination under flexible exchange rates, and with the domestic ramifications of these phenomena. Accordingly, it deals mainly with economic issues, although microeconomic methods are frequently utilized, especially in work on expectations, asset markets, and exchange rate behavior. For more information on the Handbooks in Economics series, please see our home page on http://www.elsevier.nl/locate/hes

On the Efficiency of Forward Foreign Exchange Market

On the Efficiency of Forward Foreign Exchange Market PDF Author: Bagher Modjtahedi
Publisher:
ISBN:
Category :
Languages : en
Pages : 346

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Book Description


Proceedings of the 2nd International Conference on Business and Policy Studies

Proceedings of the 2nd International Conference on Business and Policy Studies PDF Author: Canh Thien Dang
Publisher: Springer Nature
ISBN: 9819964415
Category : Political Science
Languages : en
Pages : 1874

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Book Description
This proceedings volume contains papers accepted by the 2nd International Conference on Business and Policy Studies (CONF-BPS 2023), which are carefully selected and reviewed by professional reviewers from corresponding research fields and the editorial team of the conference. This volume presents the latest research achievements, inspirations, and applications in applied economy, finance, enterprise management, public administration, and policy studies. CONF-BPS 2023 was a hybrid conference that includes several workshops (offline and online) around the world in Cardiff (Jan, 2023), London(Feb, 2023) and Sydney (Feb, 2023). Prof. Canh Thien Dang from King's College London, Prof. Arman Eshraghi from Cardiff Business School, and Prof. Kristle Romero Cortés from UNSW Business School have chaired those offline workshop.