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This five-chapter introduction into international money and foreign exchange markets covers all the basics, theoretical, institutional, as well as empirical. After a brief review of the money market, we discuss the size and structure of the foreign exchange markets. This information is then used...
Persistent link: https://www.econbiz.de/10005556631
This study addresses the question of whether exchange rate changes have any significant and direct impact on trade balance. By examining the trade balances between ASEAN-5 countries and Japan for the sample period from 1986 to 1999, this study found that the role of exchange rate changes in...
Persistent link: https://www.econbiz.de/10005119300
misalignment of the Ringgit currency and thereby deducing effective policy actions. Second, the effort of Bank Negara Malaysia (BNM …
Persistent link: https://www.econbiz.de/10005124933
misalignment of the Ringgit currency and thereby deducing effective policy actions. Second, the effort of Bank Negara Malaysia (BNM …
Persistent link: https://www.econbiz.de/10005124941
This study proposes an alternative procedure for modelling exchange rates behaviour, which is a linear combination of a long-run function and a short-run function. Our procedure involves modelling of the long- run relationship and this is followed by the short-run function. Among all the...
Persistent link: https://www.econbiz.de/10005408205
, suggesting that diversification benefits from holding currency- hedged bond portfolios in these markets are likely to be small …
Persistent link: https://www.econbiz.de/10005134688
units, Expatriates and all nations with their currency related to US $, are not happy in the current $ dipping situation …
Persistent link: https://www.econbiz.de/10005556940
In this paper, we begin the modeling of bond and currency prices from the modeling of the state-price density … satisfying basic properties of a potential. We provide extensive examples and show their implications on bond and currency …
Persistent link: https://www.econbiz.de/10005134792
of US currency. World dollarization partially resolves the “currency enigma” which refers to the anomaly that roughly 80 …% of the US currency supply is “missing” and an estimated ten trillion dollars of cash payments can not be accounted for …. US currency that is used overseas suggests that there is a world wide unrecorded economy that could rival the size of the …
Persistent link: https://www.econbiz.de/10005076736
the foreign currency value of their internal wealth. Implications from this model of firm behavior are tested using firm …
Persistent link: https://www.econbiz.de/10005119234