You may have to Search all our reviewed books and magazines, click the sign up button below to create a free account.
Praise for Handbook of Exchange Rates “This book is remarkable. I expect it to become the anchor reference for people working in the foreign exchange field.” —Richard K. Lyons, Dean and Professor of Finance, Haas School of Business, University of California Berkeley “It is quite easily the most wide ranging treaty of expertise on the forex market I have ever come across. I will be keeping a copy close to my fingertips.” —Jim O’Neill, Chairman, Goldman Sachs Asset Management How should we evaluate the forecasting power of models? What are appropriate loss functions for major market participants? Is the exchange rate the only means of adjustment? Handbook of Exchange Rates answer...
The policy dilemmas inherent in using the US dollar as the key currency for stabilizing exchange rates in East Asia.
History of monetary system --Balance of payments and exchange rates --The foreign exchange markets --Exchange rate determination and forecasting --Exchange rates and international parity conditions --Foreign currency derivatives --Foreign exchange exposure and its management --Multinational corporations and international cost of capital --Multinational capital budgeting --Foreign direct investment and portfolio theory --International trade finance --Political risk and its management.
Predicting foreign exchange rates has presented a long-standing challenge for economists. However, the recent advances in computational techniques, statistical methods, newer datasets on emerging market currencies, etc., offer some hope. While we are still unable to beat a driftless random walk model, there has been serious progress in the field. This book provides an in-depth assessment of the use of novel statistical approaches and machine learning tools in predicting foreign exchange rate movement. First, it offers a historical account of how exchange rate regimes have evolved over time, which is critical to understanding turning points in a historical time series. It then presents an ove...
Analyzes developments in the international monetary system since 1973, with anew added epilogue.
Agricultural policy in Portugal, like the industry itself, has had a strongly regional flavor. Most of the government's support for agriculture until the mid-1960s was given to the latifundia areas of southern Portugal, principally through high wheat prices. In turn, the large landowners of the South supported the Salazar regime. By the late 1960s the government's emphasis had shifted to the small-farm areas of the North, with programs to encourage milk production, and to the central valleys, where tomato processing and livestock feeding were stimulated. Meanwhile, cereal prices remained highly protected. The 1974 Revolution, coinciding with a period of rapid inflation in Portugal and high i...
This publication is part of a set of 18 documents which have been prepared by H.M. Treasury to inform the assessment of the Government's five economic tests for Economic and Monetary Union (EMU) entry into the euro area. It focuses on short and medium run movements in the exchange rate and considers whether such movements tend to be a stabilising reaction to changes in aggregate supply and demand, or whether they tend to be destabilising. Issues discussed include: how exchange rate is determined and its role in the adjustment process; an interpretation of sterling's strength against the euro since 1996; and a comparison of overall exchange rate volatility inside and outside of EMU. The study contains both theoretical and empirical analysis.
Booklet examining the responses of several Asian countries to recent surges in capital inflows. Examines the difficulties faced by these countries in trying to maintain pegged exchange rates and monetary independence.