Showing 1 - 10 of 108
Ergebnisse dieser Studien führten in den letzten Jahren zu der weitverbreiteten Meinung, dass Interventionen am Devisenmarkt kein … über Notenbankinterventionen am Devisenmarkt näher zu bringen und neue Aspekte in Bezug auf Emerging Markets zu diskutieren …. Der Kernpunkt befasst sich mit der Frage, warum Notenbanken in Emerging Markets am Devisenmarkt intervenieren und ob diese …
Persistent link: https://www.econbiz.de/10009433706
deal with the usefulness of such simple trend heuristics in real world. Only if simple trend heuristics lead to profits in … Heuristiken am Devisenmarkt zu untersuchen. Die Entscheidungssituation am Devisenmarkt kann aufgrund seiner Komplexität als ein … zukünftigen Wechselkurse bilden und dass der Devisenmarkt effizient ist. Insgesamt zeigen die eigenen empirischen Untersuchungen …
Persistent link: https://www.econbiz.de/10009433679
unvermeidlich in einer Währungskrise. Die Theorie bezieht sich demnach klar auf das externe Gleichgewicht am Devisenmarkt …
Persistent link: https://www.econbiz.de/10009433694
, the largest financial market in the world. Whilst the market itself is not new, the concept of currency as an alternative …
Persistent link: https://www.econbiz.de/10009434892
In this paper we propose a model for the conditional multivariate density of integer count variables defined on the set Zn. Applying the concept of copula functions, we allow for a general form of dependence between the marginal processes, which is able to pick up the complex nonlinear dynamics...
Persistent link: https://www.econbiz.de/10009471644
The first essay formulates a dynamic rational contagion model in order toanalyse the evolution of speculative bubbles. The model consists of two laws ofmotion: the speculative bubble and the probability of the bubble. The rst essayshows that the model has two stable equilibria and one unstable...
Persistent link: https://www.econbiz.de/10009481284
VAR models are increasingly being used in the analysis of relationships between financial markets. In such models, there are circumstances that require zero entries in the coefficient matrices. Such circumstances can be particularly relevant in the context of emerging markets given their...
Persistent link: https://www.econbiz.de/10009451291
This thesis models the Australian-US Dollar (AUD/USD) exchange rate with particular attention being paid to investor risk aversion. Accounting for investor risk aversion in AUD/USD exchange rate modelling is novel, so too is the method used to measure risk aversion in this thesis. Investor risk...
Persistent link: https://www.econbiz.de/10009484224
Due to the growing interest of investors in intra-day trading it is necessary to pay even more attention to the analysis of the microstructure of financial markets. This article analyses the behaviour of the exchange rate EUR/USD at short intervals. The base aim of this paper is to verify the...
Persistent link: https://www.econbiz.de/10011316103
The research analyzes aspects of the spot forex intraday trading and the existing models based on macro fundamentals or describing market microstructure. Most of analysis is done on high frequency data, over an extensive period and on 70 currency pairs. A hybrid model based on microstructure...
Persistent link: https://www.econbiz.de/10009434490