This Element discusses the global role of the RMB. After recapitulating its economic and trade growth experiences, we recount China's evolving exchange rate policy in the post-reform era, review the debate over whether the RMB is overvalued or undervalued, present China's policies to globalize...

In our analysis, we describe and compare indicators regularly used in the course of money market monitoring, identifying the positions of FX market participants where co-movement with the forint exchange rate is most commonly observed. The correlation between the exchange rate and quantity...

This study investigates the impact of trading volume on selected quantiles of the EUR/PLN return distribution. Empirical results obtained with the quantile regression approach confirm that an increase in the turnover is associated with a significant increase in the dispersion of the...

Our proposed prediction and learning method is a hybrid referred to as MKL-GA, which combines multiple kernel learning (MKL) for regression (MKR) and a genetic algorithm (GA) to construct the trading rules. In this study, we demonstrate that the evaluation criteria used to examine the...

This paper provides an overview of the recent literature on Foreign Exchange Market Microstructure. Its aim is not to survey the literature, but rather to provide an introductory tour to the main theoretical ideas and empirical results. The central theoretical idea is that trading is an integral...