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Expectations and the Foreign Exchange Market

Language EnglishEnglish
Book Hardback
Book Expectations and the Foreign Exchange Market Craig S. Hakkio
Libristo code: 15239084
Publishers Taylor & Francis Ltd, April 2017
Originally published in 1984. This book examines two important dimensions of efficiency in the forei... Full description
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119.35 €
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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.

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About the book

Full name Expectations and the Foreign Exchange Market
Author Craig S. Hakkio
Language English
Binding Book - Hardback
Date of issue 2017
Number of pages 116
EAN 9781138633223
ISBN 9781138633223
Libristo code 15239084
Publishers Taylor & Francis Ltd
Weight 306
Dimensions 162 x 240 x 14

Categories

Economics, Finance, Business & Management > Finance & accounting > Accounting > Public finance accounting
Economics, Finance, Business & Management > Economics > Econometrics & economic statistics
Economics, Finance, Business & Management > Economics > International economics
Economics, Finance, Business & Management > Economics > Political economy
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