LEADER 05748nam 2200769 a 450 001 9910141379603321 005 20200520144314.0 010 $a9781118445785 010 $a1118445783 010 $a9781283665032 010 $a1283665034 010 $a9781118445754 010 $a1118445759 035 $a(CKB)2670000000260759 035 $a(EBL)918243 035 $a(SSID)ssj0000758012 035 $a(PQKBManifestationID)11435007 035 $a(PQKBTitleCode)TC0000758012 035 $a(PQKBWorkID)10759948 035 $a(PQKB)10480066 035 $a(Au-PeEL)EBL918243 035 $a(CaPaEBR)ebr10612566 035 $a(CaONFJC)MIL397753 035 $a(OCoLC)812914952 035 $a(CaSebORM)9781118445778 035 $a(MiAaPQ)EBC918243 035 $a(PPN)250200457 035 $a(OCoLC)852499700 035 $a(OCoLC)ocn852499700 035 $a(EXLCZ)992670000000260759 100 $a20111229d2012 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 00$aHandbook of exchange rates /$fedited by Jessica James, Ian W. Marsh, Lucio Sarno 205 $a1st edition 210 $aHoboken, N.J. $cJohn Wiley & Sons, Inc.$d2012 215 $a1 online resource (854 p.) 225 1 $aWiley handbooks in financial engineering and econometrics 225 0$aWiley handbooks in financial engineering and econometrics ;$v2 300 $aDescription based upon print version of record. 311 08$a9781118445778 311 08$a1118445775 311 08$a9780470768839 311 08$a0470768835 320 $aIncludes bibliographical references and index. 327 $aMachine generated contents note: Part I. Overview 1. Foreign Exchange Market Structure, Players and Evolution 2. Macro Approaches to Foreign Exchange Determination 3. Micro Approaches to Foreign Exchange Determination 4. The Exchange Rate in a Behavioural Finance Framework 5. The Evolution of Exchange Rate Regimes and Some Future Perspective Part II. Exchange Rate Models and Methods 6. Purchasing Power Parity in Economic History 7. Purchasing Power Parity in Tradable Goods 8. Statistical and Economic Methods for Evaluating Exchange Rate Predictability 9. When Are Pooled Panel-Data Regression Forecasts of Exchange Rates More Accurate than the Time-Series Regression Forecasts? 10. Carry Trades and Risk 11. Currency Fair Value Models 12. Technical Analysis in the Foreign Exchange Market 13. Modeling Exchange Rates with Incomplete Information 14. Exchange Rates in a Stochastic Discount Factor Framework 15. Volatility and Correlation Timing in Active Currency Management Part III. FX Markets and Products 16. Is There a Premium for Currency Investing (Beta) 17. Is There Skill or Alpha in Currency Investing? 18. Currency Hedging for International Bond and Equity Investors 19. FX Reserve Management 20. High frequency finance: Using scaling laws to build trading models 21. Algorithmic Execution in Foreign Exchange 22. Foreign Exchange Strategy Based Products 23. Foreign exchange futures, forwards and swaps 24. Options and Volatility Derivatives Part IV. FX Markets and Policy 25. A Common Framework for Thinking about Currency Crises 26. Official Intervention in the Foreign Exchange Market 27. Exchange Rate Misalignment - The Case of the Chinese Renminbi. 330 $a"Handbook of Exchange Rates is an impressive compilation of research from more than thirty-five leading researchers and experts on the topic. The book is clearly organized into five succinct sections that explore the foreign exchange (FX) market, from its background and economic foundation to current practices, obstacles, and policies in the modern foreign exchange market. Part I presents an overview of the history of the FX market and exchange rate regimes, the key instruments/players in the FX trading environment, and both macro and micro approaches to FX determination. Next, Part II focuses on forecasting exchange rates, featuring methodological contributions on the sstatistical methods for evaluating forecast performance, parity relationships, fair value models, and flow-based models. Part III treats FX as an asset class, outlining active currency management, currency hedging, hedge accounting, high frequency and algorithmic trading in FX, and FX strategy-based products. Part IV discusses products and pricing in FX, the FX options market, and volatility derivatives. Finally, the book concludes with a section on FX markets and policy, prediction and management of FX crises, FX regimes and policy; regulation in FX market that also features discussion of the effects of exchange rate regime choice on international trade. Each chapter follows the same easy-to-follow format. Following an introduction, a description of theory is presented along with key formulae. Next, the discussed theory is applied to a real data set and accompanied with illustrative descriptions. Exercises and real-world examples from the finance industry are spread throughout each chapter, and a summary provides a brief overview of main points and concepts"--$cProvided by publisher. 410 0$aWiley Handbooks in Financial Engineering and Econometrics 606 $aForeign exchange rates 606 $aForeign exchange 615 0$aForeign exchange rates. 615 0$aForeign exchange. 676 $a332.4/56 686 $aMAT029000$2bisacsh 701 $aJames$b Jessica$f1968-$0614112 701 $aMarsh$b Ian W.$f1966-$0992972 701 $aSarno$b Lucio$0145179 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910141379603321 996 $aHandbook of exchange rates$92273725 997 $aUNINA