The Exchange Rate in a Behavioral Finance Framework

Download or Read eBook The Exchange Rate in a Behavioral Finance Framework PDF written by Paul De Grauwe and published by Princeton University Press. This book was released on 2006-04-02 with total page 234 pages. Available in PDF, EPUB and Kindle.
The Exchange Rate in a Behavioral Finance Framework

Book Synopsis The Exchange Rate in a Behavioral Finance Framework by : Paul De Grauwe

This book provides an alternative view of the workings of foreign exchange markets. The authors' modeling approach is based on the idea that agents use simple forecasting rules and switch to those rules that have been shown to be the most profitable in the past. This selection mechanism is based on trial and error and is probably the best possible strategy in an uncertain world, the authors contend. It creates a rich dynamic in the foreign exchange markets and can generate bubbles and crashes. Sensitivity to initial conditions is a pervasive force in De Grauwe and Grimaldi's model. It explains why large exchange-rate changes and volatility clustering occur. It also has important implications for understanding how the news affects the exchange rate. De Grauwe and Grimaldi conclude that news in fundamentals has an unpredictable effect on the exchange rate. Sometimes, they maintain, it alters the exchange rate considerably; at other times it has no effectwhatsoever. The authors also use their model to analyze the effects of official interventions in the foreign exchange market. They show that simple intervention rules of the "leaning-against-the-wind" variety can be effective in eliminating bubbles and crashes in the exchange rate. They further demonstrate how, quite paradoxically, by intervening in the foreign exchange market the central bank makes the market look more efficient. Clear and comprehensive, The Exchange Rate in a Behavioral Finance Framework is a must-have for analysts in foreign exchange markets as well as students of international finance and economics.

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  • Publisher – Princeton University Press
  • Total Pages – 234
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  • ISBN-10 – 069112163X
  • ISBN-13 – 9780691121635

The Exchange Adsorption of Ions from Aqueous Solutions by Organic Zeolites

Download or Read eBook The Exchange Adsorption of Ions from Aqueous Solutions by Organic Zeolites PDF written by G. E. Boyd and published by . This book was released on 1947 with total page 28 pages. Available in PDF, EPUB and Kindle.
The Exchange Adsorption of Ions from Aqueous Solutions by Organic Zeolites

Book Synopsis The Exchange Adsorption of Ions from Aqueous Solutions by Organic Zeolites by : G. E. Boyd

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  • Total Pages – 28
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  • ISBN-10 – UOM:39015086431270
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Reduction of the Exchange, Between England and Holland

Download or Read eBook Reduction of the Exchange, Between England and Holland PDF written by and published by . This book was released on 1719 with total page 260 pages. Available in PDF, EPUB and Kindle.
Reduction of the Exchange, Between England and Holland

Book Synopsis Reduction of the Exchange, Between England and Holland by :

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  • Total Pages – 260
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  • ISBN-10 – KBNL:KBNL03000166966
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Annual Reports on the Exchange of Medical Information and Sharing Medical Resources

Download or Read eBook Annual Reports on the Exchange of Medical Information and Sharing Medical Resources PDF written by and published by . This book was released on 1977 with total page 168 pages. Available in PDF, EPUB and Kindle.
Annual Reports on the Exchange of Medical Information and Sharing Medical Resources

Book Synopsis Annual Reports on the Exchange of Medical Information and Sharing Medical Resources by :

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  • Total Pages – 168
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  • ISBN-10 – UOM:39015077945353
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Foreign Exchange Intervention in Inflation Targeters in Latin America

Download or Read eBook Foreign Exchange Intervention in Inflation Targeters in Latin America PDF written by Mr.Marcos d Chamon and published by International Monetary Fund. This book was released on 2019-02-28 with total page 320 pages. Available in PDF, EPUB and Kindle.
Foreign Exchange Intervention in Inflation Targeters in Latin America

Book Synopsis Foreign Exchange Intervention in Inflation Targeters in Latin America by : Mr.Marcos d Chamon

Foreign exchange intervention is widely used as a policy tool, particularly in emerging markets, but many facets of this tool remain limited, especially in the context of flexible exchange rate regimes. The Latin American experience can be informative because some of its largest countries adopted floating exchange rate regimes and inflation targeting while continuing to intervene in foreign exchange markets. This edited volume reviews detailed accounts from several Latin American countries’ central banks, and it provides insight into how and with what aim many interventions were decided and implemented. This book documents the effectiveness of intervention and pays special attention to the role of foreign exchange intervention policy within inflation-targeting monetary frameworks. The main lesson from Latin America’s foreign exchange interventions, in the context of inflation targeting, is that the region has had a considerable degree of success. Transparency and a clear communication policy have been key. For economies that are not highly dollarized, rules-based intervention helped contain financial instability and build international reserves while preserving inflation targets. The Latin American experience can help other countries in the design and implementation of their policies.

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  • Publisher – International Monetary Fund
  • Total Pages – 320
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  • ISBN-10 – 9781484375686
  • ISBN-13 – 1484375688