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020 _a9781400838844
_qPDF
024 7 _a10.1515/9781400838844
_2doi
035 _a(DE-B1597)9781400838844
035 _a(DE-B1597)642801
040 _aDE-B1597
_beng
_cDE-B1597
_erda
050 4 _aHG3851
_b.E77 2011eb
072 7 _aBUS021000
_2bisacsh
082 0 4 _a332.4/56
_222
084 _aonline - DeGruyter
100 1 _aEvans, Martin D. D.
_eautore
245 1 0 _aExchange-Rate Dynamics /
_cMartin D. D. Evans.
264 1 _aPrinceton, NJ :
_bPrinceton University Press,
_c[2011]
264 4 _c©2011
300 _a1 online resource (600 p.) :
_b46 line illus. 34 tables.
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
347 _atext file
_bPDF
_2rda
490 0 _aPrinceton Series in International Economics
505 0 0 _tFrontmatter --
_tContents --
_tPreface --
_tPART I MACRO MODELS --
_tChapter 1 Macro Models without Frictions --
_tChapter 2 Macro Models with Frictions --
_tChapter 3 Empirical Macro Models --
_tPART II MICROSTRUCTURE MODELS --
_tChapter 4 Rational Expectations Models --
_tChapter 5 Sequential Trade Models --
_tChapter 6 Currency-Trading Models --
_tChapter 7 Currency-Trading Models: Empirical Evidence --
_tChapter 8 Identifying Order Flow --
_tPART III MICRO-BASED MODELS --
_tChapter 9 Order Flows and the Macroeconomy --
_tChapter 10 Exchange Rates, Order Flows, and Macro Data --
_tChapter 11 Exchange-Rate Risk --
_tReferences --
_tIndex
506 0 _arestricted access
_uhttp://purl.org/coar/access_right/c_16ec
_fonline access with authorization
_2star
520 _aA comprehensive and in-depth look at exchange-rate dynamicsVariations in the foreign exchange market influence all aspects of the world economy, and understanding these dynamics is one of the great challenges of international economics. This book provides a new, comprehensive, and in-depth examination of the standard theories and latest research in exchange-rate economics. Covering a vast swath of theoretical and empirical work, the book explores established theories of exchange-rate determination using macroeconomic fundamentals, and presents unique microbased approaches that combine the insights of microstructure models with the macroeconomic forces driving currency trading.Macroeconomic models have long assumed that agents—households, firms, financial institutions, and central banks—all have the same information about the structure of the economy and therefore hold the same expectations and uncertainties regarding foreign currency returns. Microbased models, however, look at how heterogeneous information influences the trading decisions of agents and becomes embedded in exchange rates. Replicating key features of actual currency markets, these microbased models generate a rich array of empirical predictions concerning trading patterns and exchange-rate dynamics that are strongly supported by data. The models also show how changing macroeconomic conditions exert an influence on short-term exchange-rate dynamics via their impact on currency trading.Designed for graduate courses in international macroeconomics, international finance, and finance, and as a go-to reference for researchers in international economics, Exchange-Rate Dynamics guides readers through a range of literature on exchange-rate determination, offering fresh insights for further reading and research.Comprehensive and in-depth examination of the latest research in exchange-rate economicsOutlines theoretical and empirical research across the spectrum of modeling approachesPresents new results on the importance of currency trading in exchange-rate determinationProvides new perspectives on long-standing puzzles in exchange-rate economicsEnd-of-chapter questions cement key ideas
538 _aMode of access: Internet via World Wide Web.
546 _aIn English.
588 0 _aDescription based on online resource; title from PDF title page (publisher's Web site, viewed 01. Dez 2022)
650 0 _aForeign exchange market.
650 0 _aForeign exchange rates.
650 0 _aMoney
_vTables.
650 7 _aBUSINESS & ECONOMICS / Econometrics.
_2bisacsh
653 _aAggregate demand.
653 _aAlgorithmic trading.
653 _aApproximation.
653 _aArbitrage.
653 _aAsk price.
653 _aAsset.
653 _aAutocorrelation.
653 _aBalance of trade.
653 _aBasis Point.
653 _aBid price.
653 _aBrokerage firm.
653 _aBudget constraint.
653 _aCalculation.
653 _aCentral bank.
653 _aCoefficient.
653 _aConditional expectation.
653 _aConsumption (economics).
653 _aCovariance matrix.
653 _aCurrency pair.
653 _aCurrency.
653 _aCustomer.
653 _aDay trading.
653 _aDepreciation.
653 _aDeterminant.
653 _aDetermination.
653 _aDiscounts and allowances.
653 _aDividend.
653 _aDollar Price.
653 _aEconomic equilibrium.
653 _aEconomics.
653 _aEconomy.
653 _aElasticity of substitution.
653 _aEstimation.
653 _aExchange rate.
653 _aExpected value.
653 _aFinancial asset.
653 _aForecast error.
653 _aForecasting.
653 _aForeign exchange market.
653 _aGeneral equilibrium theory.
653 _aGovernment bond.
653 _aHedge fund.
653 _aHousehold.
653 _aImpulse response.
653 _aIncome.
653 _aInference.
653 _aInflation.
653 _aInterest rate parity.
653 _aInterest rate.
653 _aInterest.
653 _aInternational economics.
653 _aInvestment.
653 _aInvestor.
653 _aKalman filter.
653 _aLimit price.
653 _aLong run and short run.
653 _aMacroeconomics.
653 _aMarginal utility.
653 _aMarket clearing.
653 _aMarket liquidity.
653 _aMarket participant.
653 _aMonetary policy.
653 _aMoney market.
653 _aMoney supply.
653 _aNominal interest rate.
653 _aOutput gap.
653 _aPrediction.
653 _aPresent value.
653 _aPrice Change.
653 _aPrice fixing.
653 _aPrice index.
653 _aPrice level.
653 _aPricing.
653 _aProbability.
653 _aProduction function.
653 _aPurchase order.
653 _aPurchasing power parity.
653 _aRate base (utility).
653 _aRate of return.
653 _aRational expectations.
653 _aReal interest rate.
653 _aReal versus nominal value (economics).
653 _aRisk aversion.
653 _aRisk premium.
653 _aSpot contract.
653 _aSpot market.
653 _aStandard deviation.
653 _aStandard error.
653 _aStatistic.
653 _aStatistical significance.
653 _aStochastic discount factor.
653 _aSupply (economics).
653 _aTaylor rule.
653 _aTime series.
653 _aTrader (finance).
653 _aTrading strategy.
653 _aValue (economics).
653 _aVariance.
653 _aWealth.
653 _aWorld economy.
850 _aIT-RoAPU
856 4 0 _uhttps://doi.org/10.1515/9781400838844?locatt=mode:legacy
856 4 0 _uhttps://www.degruyter.com/isbn/9781400838844
856 4 2 _3Cover
_uhttps://www.degruyter.com/document/cover/isbn/9781400838844/original
942 _cEB
999 _c206418
_d206418