Książka Order Flow Analyses and Foreign Exchange Dealing Alexander Mende

Order Flow Analyses and Foreign Exchange Dealing

Język: Angielski
Oprawa: Miękka
Wydawca: Peter Lang AG
Dostępność: Na zamówienie
Wysyłamy za 17-27 dni
255.66
Traditional exchange rate modeling is in crisis. Fundamentals cannot explain exchange rates. Models...

Informacje o książce

Język
Angielski
Oprawa
Książka - Miękka
Data wydania
2005
strony
140
EAN
9783631535714
ISBN
9783631535714
Enbook ID
10025823
Wydawca
Waga
192
Wymiary
209 x 150 x 9

Pełny opis

Traditional exchange rate modeling is in crisis. Fundamentals cannot explain exchange rates. Models using solely macro variables are bound to fail empirically, since they do not capture what is happening on foreign exchange markets. The question about the inner life of these markets arises. Since the middle of the 1990s, there is now an empirically motivated approach to exchange rates, based on the analysis of order flows. Foreign exchange market microstructure addresses the trading process and corresponding aspects of foreign exchange dealing. Analyses of order flows have become a promising field of research as cumulated flows are closely related to exchange rate movements. This investigation is made up of four related studies in the spirit of this new microstructure approach. It contributes to the existing literature by extending our knowledge of microstructure effects in the decision-making of foreign exchange dealers.

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