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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
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Market probability density functions and investor risk aversion for the australia-us dollar exchange rate.
Forrester, David Edward, Economics, Australian School … - 2006
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
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Foreign Exchange Market Interventions: New Empirical Views of Emerging Markets
Brause, Alexander F. - 2010
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
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Market valuation of the translation process under SFAS No. 52: Further evidence
Lin, Henghsiu - 2000
This research investigates the information content of the translation information resulting from exchange rate fluctuations. Two hypotheses are examined. The dollar movement hypotheses investigate whether there is a positive relationship between security valuation and the translation information...
Persistent link: https://www.econbiz.de/10009475063
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Exchange rate and stock market interaction: an empirical investigation
Morley, Bruce - 1997
The aim of this thesis is to analyse theTelationship between the exchange rate andstockmarket, in the UK, USA, Germany, Japan, Canada and the Netherlands over theperiod 1974 to 1994. It is motivated by recent changes in the international financialenvironment, particularly the gradual removal of...
Persistent link: https://www.econbiz.de/10009461265
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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
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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
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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
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An analysis of the anticipated cultural impacts of the implementation of data warehouses
Doherty, Neil; Doig, Graham - 2003
The implementation of information systems isincreasingly resulting in significant impacts upon the host organization’sculture. This study seeks to explore how major changesto the flow and quality of information, engendered through theimplementation of data warehouses, are likely to impact...
Persistent link: https://www.econbiz.de/10009461282
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OPTIMAL TRANSACTION FILTERS UNDER TRANSITORY TRADING OPPORTUNITIES: Theory and Empirical Illustration
BALVERS, RONALD J.; WU, YANGRU - 2003
If transitory profitable trading opportunities exist, filter rules are used in practice to mitigate transaction costs. The filter size is difficult to determine a priori. Our paper uses a dynamic programming framework to design a filter that is optimal in the sense of maximizing expected returns...
Persistent link: https://www.econbiz.de/10009440744