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Item Details
Title: EXPECTATIONS AND THE FOREIGN EXCHANGE MARKET
By: Craig S. Hakkio
Format: Hardback

List price: £71.99
Our price: £69.83
Discount:
3% off
You save: £2.16
ISBN 10: 1138633224
ISBN 13: 9781138633223
Availability: Usually dispatched within 1-3 weeks.
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Publisher: TAYLOR & FRANCIS LTD
Pub. date: 13 April, 2017
Series: Routledge Library Editions: Exchange Rate Economics 7
Pages: 112
Synopsis: 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.
Publication: UK
Imprint: Routledge
Returns: Returnable
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