Author: Paul De Grauwe
Publisher:
ISBN:
Category : Chaotic behavior in systems
Languages : en
Pages : 64
Book Description
Deterministic Chaos in the Foreign Exchange Market
Author: Paul De Grauwe
Publisher:
ISBN:
Category : Chaotic behavior in systems
Languages : en
Pages : 64
Book Description
Publisher:
ISBN:
Category : Chaotic behavior in systems
Languages : en
Pages : 64
Book Description
Foreign Exchange Market Behavior, Expectations and Chaos
Author: Per Leander
Publisher:
ISBN:
Category : Foreign exchange
Languages : en
Pages : 176
Book Description
Publisher:
ISBN:
Category : Foreign exchange
Languages : en
Pages : 176
Book Description
Dance of Chaos
Author: Marites A. Khanser
Publisher:
ISBN:
Category : Chaotic behavior in systems
Languages : en
Pages : 104
Book Description
Publisher:
ISBN:
Category : Chaotic behavior in systems
Languages : en
Pages : 104
Book Description
Chaos & Nonlinear Dynamics in the Financial Markets
Author: Robert R. Trippi
Publisher: Robert Trippi
ISBN:
Category : Business & Economics
Languages : en
Pages : 546
Book Description
Computer disk illustrates behavior of several of the chaotic processes discussed in text. Assists the user in viewing the change in a system from unstable to stable states.
Publisher: Robert Trippi
ISBN:
Category : Business & Economics
Languages : en
Pages : 546
Book Description
Computer disk illustrates behavior of several of the chaotic processes discussed in text. Assists the user in viewing the change in a system from unstable to stable states.
Deterministic Chaos in Exchange Rates?
Author: Mikael Bask
Publisher:
ISBN:
Category :
Languages : en
Pages : 24
Book Description
Publisher:
ISBN:
Category :
Languages : en
Pages : 24
Book Description
Exchange Rate Theory
Author: Paul de Grauwe
Publisher: Wiley-Blackwell
ISBN: 9780631180166
Category : Business & Economics
Languages : en
Pages : 273
Book Description
"Exchange Rate Theory presents a novel and elegant theory to explain the excessive variability of foreign exchange rate returns. The theory is novel in the sense that it focuses on interaction between market agents as the primary source of the variability in those speculative prices. It is shown that simple interactions between market participants using different information is sufficient to generate deterministic chaos." "In the first part of this book the authors survey existing exchange rate theories and ask whether these theories are useful in explaining actual exchange rate movements. They demonstrate that the 1970s were characterized by the belief that exchange rates could be understood by an analysis of the fundamentals (inflation rates, interest rates and monetary policy). Subsequently, this belief has all but disappeared but researchers have been content to analyze the statistical properties of exchange rates, abandoning the theory and the models." "The second part of the book uses chaos theory to construct an innovative framework for the understanding of exchange markets. These models, which integrate fundamentalism and chartism, create complex exchange rate movements which appear to be random. These models are used to explain several of the anomalies observed in exchange rate markets and to evaluate the possibility of exchange rate prediction."--BOOK JACKET.Title Summary field provided by Blackwell North America, Inc. All Rights Reserved
Publisher: Wiley-Blackwell
ISBN: 9780631180166
Category : Business & Economics
Languages : en
Pages : 273
Book Description
"Exchange Rate Theory presents a novel and elegant theory to explain the excessive variability of foreign exchange rate returns. The theory is novel in the sense that it focuses on interaction between market agents as the primary source of the variability in those speculative prices. It is shown that simple interactions between market participants using different information is sufficient to generate deterministic chaos." "In the first part of this book the authors survey existing exchange rate theories and ask whether these theories are useful in explaining actual exchange rate movements. They demonstrate that the 1970s were characterized by the belief that exchange rates could be understood by an analysis of the fundamentals (inflation rates, interest rates and monetary policy). Subsequently, this belief has all but disappeared but researchers have been content to analyze the statistical properties of exchange rates, abandoning the theory and the models." "The second part of the book uses chaos theory to construct an innovative framework for the understanding of exchange markets. These models, which integrate fundamentalism and chartism, create complex exchange rate movements which appear to be random. These models are used to explain several of the anomalies observed in exchange rate markets and to evaluate the possibility of exchange rate prediction."--BOOK JACKET.Title Summary field provided by Blackwell North America, Inc. All Rights Reserved
Profiting from Chaos
Author: Tonis Vaga
Publisher: Tonis Vaga
ISBN: 9780070667860
Category : Business & Economics
Languages : en
Pages : 284
Book Description
Finally, a book that not only explains the relationship between investing and chaos theory--the cutting-edge dicipline that Business Week says will "revitalize the money-management industry"--but also shows readers how to use the theory to master the financial markets. Illustrated.
Publisher: Tonis Vaga
ISBN: 9780070667860
Category : Business & Economics
Languages : en
Pages : 284
Book Description
Finally, a book that not only explains the relationship between investing and chaos theory--the cutting-edge dicipline that Business Week says will "revitalize the money-management industry"--but also shows readers how to use the theory to master the financial markets. Illustrated.
The Japanese Foreign Exchange Market
Author: Beate Reszat
Publisher: Routledge
ISBN: 113476619X
Category : Business & Economics
Languages : en
Pages : 247
Book Description
In recent years, Japan's financial market has seen dramatic changes, in particular the explosive growth of currency trading and the increasing international role of the yen. This book gives a comprehensive overview of this activity. This work is the first non-Japanese language title to examine the prolific rise of Japan's foreign currency exchange market, its idiosyncracies, and its future role in the global economy. It is vital reading for economists and students of Japan-related subjects.
Publisher: Routledge
ISBN: 113476619X
Category : Business & Economics
Languages : en
Pages : 247
Book Description
In recent years, Japan's financial market has seen dramatic changes, in particular the explosive growth of currency trading and the increasing international role of the yen. This book gives a comprehensive overview of this activity. This work is the first non-Japanese language title to examine the prolific rise of Japan's foreign currency exchange market, its idiosyncracies, and its future role in the global economy. It is vital reading for economists and students of Japan-related subjects.
Intradaily Exchange Rate Movements
Author: Dominique M. Guillaume
Publisher: Springer Science & Business Media
ISBN: 1461546214
Category : Business & Economics
Languages : en
Pages : 173
Book Description
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.
Publisher: Springer Science & Business Media
ISBN: 1461546214
Category : Business & Economics
Languages : en
Pages : 173
Book Description
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.
Deterministic Chaos in Swedish Exchange Rates?
Author: Mikael Bask
Publisher:
ISBN:
Category : Deterministic chaos
Languages : en
Pages : 19
Book Description
Publisher:
ISBN:
Category : Deterministic chaos
Languages : en
Pages : 19
Book Description