Efficient Estimation of Vector Autoregressions Under the Rational Expectation, Efficient Market Hypothesis PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Efficient Estimation of Vector Autoregressions Under the Rational Expectation, Efficient Market Hypothesis PDF full book. Access full book title Efficient Estimation of Vector Autoregressions Under the Rational Expectation, Efficient Market Hypothesis by Richard Baillie. Download full books in PDF and EPUB format.
Author: Richard Baillie
Publisher:
ISBN:
Category : Foreign exchange
Languages : en
Pages : 18
Get Book Here
Book Description
Author: Richard Baillie
Publisher:
ISBN:
Category : Foreign exchange
Languages : en
Pages : 18
Get Book Here
Book Description
Author: Zhaoxi Huang
Publisher:
ISBN:
Category :
Languages : en
Pages : 48
Get Book Here
Book Description
Author:
Publisher:
ISBN:
Category : Economics
Languages : en
Pages : 32
Get Book Here
Book Description
Author: Richard Baillie
Publisher:
ISBN:
Category : Foreign exchange futures
Languages : en
Pages : 34
Get Book Here
Book Description
Author:
Publisher: Springer
ISBN: 1349588024
Category : Law
Languages : en
Pages : 7493
Get Book Here
Book Description
The award-winning The New Palgrave Dictionary of Economics, 2nd edition is now available as a dynamic online resource. Consisting of over 1,900 articles written by leading figures in the field including Nobel prize winners, this is the definitive scholarly reference work for a new generation of economists. Regularly updated! This product is a subscription based product.
Author: University of Birmingham. Faculty of Commerce and Social Science
Publisher:
ISBN:
Category : Economics
Languages : en
Pages : 28
Get Book Here
Book Description
Author: Robert J. Hodrick
Publisher: CRC Press
ISBN: 1000943380
Category : Mathematics
Languages : en
Pages : 190
Get Book Here
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.
Author: Andrew Ang
Publisher: Now Publishers Inc
ISBN: 1601984685
Category : Business & Economics
Languages : en
Pages : 99
Get Book Here
Book Description
The Efficient Market Hypothesis (EMH) asserts that, at all times, the price of a security reflects all available information about its fundamental value. The implication of the EMH for investors is that, to the extent that speculative trading is costly, speculation must be a loser's game. Hence, under the EMH, a passive strategy is bound eventually to beat a strategy that uses active management, where active management is characterized as trading that seeks to exploit mispriced assets relative to a risk-adjusted benchmark. The EMH has been refined over the past several decades to reflect the realism of the marketplace, including costly information, transactions costs, financing, agency costs, and other real-world frictions. The most recent expressions of the EMH thus allow a role for arbitrageurs in the market who may profit from their comparative advantages. These advantages may include specialized knowledge, lower trading costs, low management fees or agency costs, and a financing structure that allows the arbitrageur to undertake trades with long verification periods. The actions of these arbitrageurs cause liquid securities markets to be generally fairly efficient with respect to information, despite some notable anomalies.
Author: Shun Chen
Publisher: CRC Press
ISBN: 1317701615
Category : Law
Languages : en
Pages : 437
Get Book Here
Book Description
This book models price behaviour and forecasts prices in the dry bulk shipping market, a major component of the world shipping industry. Recent uncertainties in the world economy, shipbuilding developments and fleet changes mean the dry bulk shipping market has become extremely volatile, highly speculative and more sensitive to external shocks. In response to these challenging circumstances, this book models price behaviour and forecasts prices in various markets including the freight market, the new build ship market and the second-hand ship market. The authors have carried out an extensive investigation of dry bulk shipping over a 60-year period in diverse sub-markets, trading routes, market conditions and dry bulk vessels. The authors also propose a framework for analysing and modelling the economic processes of numerous variables in the dry bulk shipping market, making use of modern econometric techniques and other economic approaches. This will be especially useful for the control and assessment of risk for ship owners and charterers in ship operation, ship chartering and ship trading activities. This book will be extremely useful for shipbuilders, owners and charterers, as well as shipping analysts and policymakers. It will also be of great interest to academics and researchers concerned with the economics of the shipping industry.
Author: International Monetary Fund. Research Dept.
Publisher: International Monetary Fund
ISBN: 1451956940
Category : Business & Economics
Languages : en
Pages : 220
Get Book Here
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.
