Exchange Rate Theory and Practice

Exchange Rate Theory and Practice PDF

Author: John F. Bilson

Publisher: University of Chicago Press

Published: 2007-12-01

Total Pages: 542

ISBN-13: 0226050998

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This volume grew out of a National Bureau of Economic Research conference on exchange rates held in Bellagio, Italy, in 1982. In it, the world's most respected international monetary economists discuss three significant new views on the economics of exchange rates - Rudiger Dornbusch's overshooting model, Jacob Frenkel's and Michael Mussa's asset market variants, and Pentti Kouri's current account/portfolio approach. Their papers test these views with evidence from empirical studies and analyze a number of exchange rate policies in use today, including those of the European Monetary System.

The Psychology of the Foreign Exchange Market

The Psychology of the Foreign Exchange Market PDF

Author: Thomas Oberlechner

Publisher: John Wiley & Sons

Published: 2005-07-08

Total Pages: 278

ISBN-13: 0470012013

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This book demystifies the foreign exchange market by focusing on the people who comprise it. Drawing on the expertise of the very professionals whose decisions help shape the market, Thomas Oberlechner describes the highly interdependent relationship between financial decision makers and news providers, showing that the assumption that the foreign exchange market is purely economic and rational has to be replaced by a more complex market psychology.