The approach is based on the finding that new generations of currency crises theories always had developed ex post … after popular currency crises. Discussing the main theories of currency crises shows their disparity: The First Generation … of currency crises models argues based on the assumption of a chronic budget deficit that is being monetized by the …

The thesis consists of empirical studies on currency market as well as US equity market. A new volatility estimator … using wavelets is proposed and used to analyze financial markets. Currency tick data are analyzed to determine the effects …

, the largest financial market in the world. Whilst the market itself is not new, the concept of currency as an alternative … in foreign investing combined with record high levels of currency volatility raised the importance and immediacy of … foreign exchange risk. This dissertation applies several copulas to model the dependency between a chosen currency pair, and …

suggested by the goods market theory for an export-oriented economy. We documented that after local currency appreciation, 'hot … market into a high level based on the expectation of the local currency's further appreciation. …