Handbook of Exchange Rates

Handbook of Exchange Rates

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Praise for Handbook of Exchange Rates a€œThis book is remarkable. I expect it to become the anchor reference for people working in the foreign exchange field.a€ a€”Richard K. Lyons, Dean and Professor of Finance, Haas School of Business, University of California Berkeley a€œIt 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.a€ a€”Jim Oa€™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 answers these questions and many more, equipping readers with the relevant concepts and policies for working in todaya€™s international economic climate. Featuring contributions written by leading specialists from the global financial arena, this handbook provides a collection of original ideas on foreign exchange (FX) rates in four succinct sections: a€c Overview introduces the history of the FX market and exchange rate regimes, discussing key instruments in the trading environment as well as macro and micro approaches to FX determination. a€c Exchange Rate Models and Methods focuses on forecasting exchange rates, featuring methodological contributions on the statistical methods for evaluating forecast performance, parity relationships, fair value models, and flowa€“based models. a€c FX Markets and Products outlines active currency management, currency hedging, hedge accounting; high frequency and algorithmic trading in FX; and FX strategy-based products. a€c FX Markets and Policy explores the current policies in place in global markets and presents a framework for analyzing financial crises. Throughout the book, topics are explored in-depth alongside their founding principles. Each chapter uses real-world examples from the financial industry and concludes with a summary that outlines key points and concepts. Handbook of Exchange Rates is an essential reference for fund managers and investors as well as practitioners and researchers working in finance, banking, business, and econometrics. The book also serves as a valuable supplement for courses on economics, business, and international finance at the upper-undergraduate and graduate levels.For example, technicians interpret a crossing of a significant level, such as a yen/ dollar rate of 100, as indicating further ... Inaddition, traders sometimes use technical analysis of one marketa#39;s price history to take positions in another market , anbsp;...

Title:Handbook of Exchange Rates
Author:Jessica James, Ian Marsh, Lucio Sarno
Publisher:John Wiley & Sons - 2012-05-29


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