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This book provides an integrated approach to recent developments in the understanding of foreign exchange markets. It covers the theory of efficient markets as developed in finance, and the models used to explain the movements of exchange rates in macroeconomics. The authors deal with the econometric estimation and testing of different models and theories of the foreign exchange market and macro-economy.
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Book Description:
An integrated approach to recent developments in the understanding of foreign exchange markets covers the theory of efficient markets developed in finance and the models used to explain exchange rates in macroeconomics.
Review:
"This well written and sophisticated book reviews the theoretical and empirical literature concerned with the determination of exchange rates." Herbert G. Grubel, Journal of Economic Literature
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- PublisherCambridge University Press
- Publication date1990
- ISBN 10 0521396905
- ISBN 13 9780521396905
- BindingPaperback
- Number of pages276
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The Foreign Exchange Market: Theory and Econometric Evidence
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