🎉   Please check out our new website over at books-etc.com.

Seller
Your price
£58.48
RRP: £69.99
Save £11.51 (16%)
Printed on Demand
Dispatched within 7-9 working days.

Expectations and the Foreign Exchange Market

Routledge Library Editions: Exchange Rate Economics

By (author) Craig Hakkio
Format: Hardback
Publisher: Taylor & Francis Ltd, London, United Kingdom
Imprint: Routledge
Published: 13th Apr 2017
Dimensions: w 156mm h 234mm
Weight: 370g
ISBN-10: 1138633224
ISBN-13: 9781138633223
Barcode No: 9781138633223
Trade or Institutional customer? Contact us about large order quotes.
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.

New & Used

Seller Information Condition Price
-New£58.48
+ FREE UK P & P

What Reviewers Are Saying

Be the first to review this item. Submit your review now