Book Description
An examination of the economic justification for foreign exchange market intervention, the potential for such intervention to stabilize an economy and the distinction between sterilized and non-sterilized intervention.
Author : Keith Pilbeam
Publisher : Palgrave Macmillan
Page : 220 pages
File Size : 26,37 MB
Release : 2014-01-14
Category : Business & Economics
ISBN : 9781349117468
An examination of the economic justification for foreign exchange market intervention, the potential for such intervention to stabilize an economy and the distinction between sterilized and non-sterilized intervention.
Author : Ronald MacDonald
Publisher : Psychology Press
Page : 465 pages
File Size : 25,63 MB
Release : 2007
Category : Foreign exchange
ISBN : 0415125510
This book examines the influence of fiscal policy on exchange rates, recent development in the econometric modelling of exchange rates, and exchange rate modelling for developing countries.
Author : Ronald MacDonald
Publisher : Routledge
Page : 334 pages
File Size : 18,4 MB
Release : 2005
Category : Foreign exchange
ISBN : 1134838220
''In summary, the book is valuable as a textbook both at the advanced undergraduate level and at the graduate level. It is also very useful for the economist who wants to be brought up-to-date on theoretical and empirical research on exchange rate behaviour.'' ""Journal of International Economics""
Author : Keith Pilbeam
Publisher : Springer
Page : 233 pages
File Size : 20,1 MB
Release : 1991-06-18
Category : Business & Economics
ISBN : 1349117447
An examination of the economic justification for foreign exchange market intervention, the potential for such intervention to stabilize an economy and the distinction between sterilized and non-sterilized intervention.
Author : Y. C. Lum
Publisher : Routledge
Page : 1149 pages
File Size : 34,61 MB
Release : 2020-09-02
Category : Business & Economics
ISBN : 1000172589
This book provides a technical and specialised discussion of contemporary and emerging issues in foreign exchange and financial markets by addressing the issues of risk management and theory and hypothesis development, which have general implications for finance theory and foreign exchange market management. It offers an in-depth, comprehensive analysis of the issues concerning the volatility of exchange rates. The book has three main objectives. First, it applies the integrated study of exchange rate volatility in terms of depth and breadth. Second, it applies the integrated study of exchange rate volatility in Malaysia, as a case study of a developing country. Malaysia had imposed capital control measures in the past and has now liberalised its exchange rate market and will continue to liberalise it further in the long run. Hence, the need to understand exchange rate volatility measurement and management will be even more important in the future. Third, the book highlights new conditional volatility models for a developing country, such as Malaysia, and develops advanced econometric models which have produced results for sound risk management strategies and for achieving risk management in the financial market and the economy. Additionally, the authors recommend risk management themes which may be of relevance to other developing countries. This work can be used as a reference book by fund managers, financial market analysts, researchers, academics, practitioners, policy makers and postgraduate students in the areas of finance, accounting, business and financial economics. It can also be a supplementary text for Ph.D. and Masters’ students in these areas.
Author : Eric J. Pentecost
Publisher : Edward Elgar Publishing
Page : 248 pages
File Size : 13,26 MB
Release : 1993
Category : Business & Economics
ISBN :
This work examines the development of the determinants of the exchange rate system since the mid-1970s. It scrutinises the main theoretical models of exchange rate determination and assesses their empirical validity drawn from recent econometric results (based on cointegration methodology).
Author : Victor E. Argy
Publisher :
Page : 374 pages
File Size : 27,99 MB
Release : 1982
Category : Foreign exchange administration
ISBN :
Author : John F. Bilson
Publisher : University of Chicago Press
Page : 542 pages
File Size : 20,34 MB
Release : 2007-12-01
Category : Business & Economics
ISBN : 0226050998
This volume grew out of a National Bureau of Economic Research conference on exchange rates held in Bellagio, Italy, in 1982. In it, the world's most respected international monetary economists discuss three significant new views on the economics of exchange rates - Rudiger Dornbusch's overshooting model, Jacob Frenkel's and Michael Mussa's asset market variants, and Pentti Kouri's current account/portfolio approach. Their papers test these views with evidence from empirical studies and analyze a number of exchange rate policies in use today, including those of the European Monetary System.
Author : George Allayannis
Publisher : World Bank Publications
Page : 50 pages
File Size : 43,27 MB
Release : 2001
Category : Debts, External
ISBN :
In a large sample of East Asian nonfinancial corporations, firms using foreign currency derivatives had distinctive characteristics, such as larger size and foreign debt exposures. Unlike in studies of U.S. firms, there was only weak evidence that liquidity-constrained firms with greater growth opportunities hedged more. Firms appeared to use foreign earnings as a substitute for hedging with derivatives, and to engage in "selective" hedging. There was no evidence that East Asian firms eliminated their foreign exchange exposure by using derivatives. And firms using derivatives before the crisis performed just as poorly as nonhedgers during the crisis.
Author : Imad A Moosa
Publisher : World Scientific
Page : 512 pages
File Size : 12,44 MB
Release : 2009-07-15
Category : Business & Economics
ISBN : 9814468509
Exchange rate economics is an important field of investigation for academics, professionals and policy-makers. This book provides a comprehensive survey of the theory of and empirical evidence on the determination and effects of exchange rates. The exposition utilizes both diagrammatic and mathematical representations of the underlying models. The book is a comprehensive reference for those engaged in this field of research.