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The behavioral economics of foreign exchange markets - a psychological view on human expectation formation in foreign exchange markets

Schmidt, Robert - 2004

explaining exchange rate movements. The asset market theory of exchange rate determination implies that exchange rates are mainly … driven by the development of macroeconomic fundamentals. Furthermore the asset market theory assumes that foreign exchange … speculation, economic theory states that speculation can have either a stabilizing effect or a destabilizing effect on exchange …

Persistent link: https://www.econbiz.de/10009433679

Two essays on general equilibrium foundation of finance

Siwik, Thomas - 2002

The thesis consists of two essays: "The CAPM -- A General Equilibrium Foundation" and "The Foreign Exchange Rate in Financial Markets".The Capital Asset Pricing Model (CAPM) is one of the most successful models for portfolio selection. The utility functions are assumed to depend positively on...

Persistent link: https://www.econbiz.de/10009452580

Wechselkursspekulation in Währungsbändern

Schallenberger, Frank - 2002

-WOODS - 3. THEORIE DER ZIELZONEN - 4. WECHSELKURSSPEKULATION IM KRUGMAN-MODELL - 5. WECHSELKURSSPEKULATION IN ZIELZONEN ALS … analysed:1. INTRODUCTION - 2. THE DISCUSSION ABOUT TARGET ZONES IN THE POST BRETTON WOODS ERA - 3. TARGET ZONE THEORY - 4 …

Persistent link: https://www.econbiz.de/10009471730

Regulierung internationaler Finanzmärkte durch Transaktionssteuern : die Wirkung einer Tobin-Steuer auf Handelsvolumen und Wechselkursvolatilität

Haberer, Markus - 2006

Untersuchungsziel dieser finanzwissenschaftlichen Arbeit ist die Wirkung einer Tobin-Steuer als spezielle Transaktionssteuer auf das Devisen-Handelsvolumen und die Wechselkursvolatilität. Ausgangspunkt bildet das mikroökonomische Investitionsverhalten der Marktteilnehmer, das wir mit Hilfe von...

Persistent link: https://www.econbiz.de/10009471738

Risikomanagement unter besonderer Berücksichtigung des Hedging von Rohstoffpreisen : eine theoretische Betrachtung

Matzer, Gertrude - 2010

nicht vorhanden

Persistent link: https://www.econbiz.de/10009434231

Does Exchange Rate Risk Affect Exports Asymmetrically? Asian Evidence

Fang, WenShwo; Lai, YiHao; Miller, Stephen M. - 2005

The effects of exchange rate risk have interested researchers, since the collapse of fixed exchange rates. Little consensus exists, however, regarding its effect on exports. Previous studies implicitly assume symmetry. This paper tests the hypothesis of asymmetric effects of exchange rate risk...

Persistent link: https://www.econbiz.de/10009430111

Foreign Exchange Risk Premium Determinants: Case of Armenia

Poghosyan, Tigran; Kocenda, Evžen - 2006

This paper studies foreign exchange risk premium using the uncovered interest rate parity framework in a single country context. The analysis is performed using weekly data on foreign and domestic currency deposits in Armenian banking system. The paper provides the results of the simple tests of...

Persistent link: https://www.econbiz.de/10009477457

A Model for Filter-Rule Gains in Foreign Exchange Markets

Carlson, John; Surchat, Marc - 1994

An f-percent filter rule in a foreign exchange market calls for buying a foreign currency when its price has risen by f percent above a trough and holding until its price has fallen f percent from a peak. If the foreign exchange rate following a random walk, this is an unprofitable strategy....

Persistent link: https://www.econbiz.de/10009430701

Performance evaluation of judgemental directional exchange rate predictions

Pollock, Andrew C.; Macaulay, Alex; Thomson, Mary E.; … - 2005

A procedure is proposed for examining different aspects of performance for judgemental directional probability predictions of exchange rate movements. In particular, a range of new predictive performance measures is identified to highlight specific expressions of strengths and weaknesses in...

Persistent link: https://www.econbiz.de/10009435350

Is there timing ability in currency markets? Evidence from ADR issuances

Zhu, Qiaoqiao; Pasquariello, Paolo - 2010

Is there timing ability in the exchange rate markets? We address this question by examining foreign firms' decisions to issue American Depositary Receipts (ADRs). Specifically, we test whether foreign firms consider currency market conditions in their ADR issuance decisions and, in doing so,...

Persistent link: https://www.econbiz.de/10009438148