The Foreign Exchange Market: Theory and Econometric Evidence / Edition 1by Richard T. Baillie, Patrick C. McMahon, Patrick McMahon
Pub. Date: 10/28/1990
Publisher: Cambridge University Press
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.
- Cambridge University Press
- Publication date:
- Edition description:
- First Paperback Edition
- Product dimensions:
- 5.98(w) x 8.98(h) x 0.63(d)
Table of Contents1. Historical development and institutions; 2. The theory of efficient markets; 3. Models of exchange rate behaviour; 4. Econometric methodology; 5. Expectation models; 6. Statistical properties of exchange rate series; 7. The forward rate as a predictor of the future spot rate; 8. Purchasing power and interest rate parity theories: empirical evidence; 9. Exchange rate forecasting and conclusions.
and post it to your social network
Most Helpful Customer Reviews
See all customer reviews >