Greenwood, Date: 1989. 1st. Hardcover. New/New. 1989. Greenwood ISBN 0899304990 9780899304991 [IN]

ISBN10: 0899304990, ISBN13: 9780899304991, [publisher: Bloomsbury Publishing Plc, Westport] Hardcover Hardcover. A pioneering exploration of the relevance of economic theory to the practical realities of the foreign exchange market, this volume presents a well-reasoned, comprehensive examination of the degree to which economic theories and forecasts are helpful in predicting exchange rates. Douch, an economist who has worked closely with the foreign exchange market, argues that theoretical economic models have exhibited some serious inadequacies in forecasting the future. In an attempt to determine the real predictive value of economic theory in this context, Douch examines each of the different economic approaches in-depth and then analyzes the actual workings of the foreign exchange market from the perspective of the market participants. Particular emphasis is placed upon the reasons for the observed failure of economic theory to reliably predict exchange rate movements over time.Divided into three major sections, the book begins with five chapters that describe and evaluate the different economic approaches to explaining exchange rate movements. The next two chapters link the theories of the first section with the practical realities of the third by discussing the advantages of fixed and floating exchange rates and presenting a brief history of exchange rate regimes since World War II. In the final section, Douch first looks at how the spot and forward exchange ...
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greenwood p, Date: 1989. 1st. Hardcover. New. 1989. greenwood p ISBN 0899304990 9780899304991 [IN]

ISBN10: 0899304990, ISBN13: 9780899304991, [publisher: Bloomsbury 3PL] Hardcover nach der Bestellung gedruckt Neuware - Printed after ordering - A pioneering exploration of the relevance of economic theory to the practical realities of the foreign exchange market, this volume presents a well-reasoned, comprehensive examination of the degree to which economic theories and forecasts are helpful in predicting exchange rates. Douch, an economist who has worked closely with the foreign exchange market, argues that theoretical economic models have exhibited some serious inadequacies in forecasting the future. In an attempt to determine the real predictive value of economic theory in this context, Douch examines each of the different economic approaches in-depth and then analyzes the actual workings of the foreign exchange market from the perspective of the market participants. Particular emphasis is placed upon the reasons for the observed failure of economic theory to reliably predict exchange rate movements over time.
[Einbeck, Germany] [Publication Year: 1989]
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