Cargando…
The exchange rate in a behavioral finance framework /
"This book provides an alternative view of the workings of foreign exchange markets. The authors' modeling approach is based on the idea that agents use simple forecasting rules and switch to those rules that have been shown to be the most profitable in the past. This selection mechanism i...
| Clasificación: | Libro Electrónico |
|---|---|
| Otros Autores: | , |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
PRINCETON :
PRINCETON University Press,
2006.
|
| Colección: | Book collections on Project MUSE.
|
| Temas: | |
| Acceso en línea: | Texto completo |
MARC
| LEADER | 00000cam a2200000Mi 4500 | ||
|---|---|---|---|
| 001 | JSTOR_on1043588036 | ||
| 003 | OCoLC | ||
| 005 | 20231005004200.0 | ||
| 006 | m o d | ||
| 007 | cr ||||||||||| | ||
| 008 | 180708s2006 nju ob 001 0 eng d | ||
| 010 | |z 2006920668 | ||
| 040 | |a YDX |b eng |e pn |c YDX |d JSTOR |d N$T |d LVT |d OCLCQ |d MM9 |d P@U |d UX1 |d OCLCQ |d SFB |d OCLCO |d OCLCQ | ||
| 019 | |a 1043792292 |a 1079801515 |a 1132228725 |a 1175621265 | ||
| 020 | |a 0691186995 |q (electronic bk.) | ||
| 020 | |a 9780691186993 |q (electronic bk.) | ||
| 020 | |z 069112163X | ||
| 020 | |z 9780691121635 | ||
| 024 | 3 | |a 978069112163x | |
| 029 | 1 | |a GBVCP |b 1048975010 | |
| 029 | 1 | |a AU@ |b 000067040220 | |
| 035 | |a (OCoLC)1043588036 |z (OCoLC)1043792292 |z (OCoLC)1079801515 |z (OCoLC)1132228725 |z (OCoLC)1175621265 | ||
| 037 | |a 22573/ctv323gp6 |b JSTOR | ||
| 050 | 4 | |a HG3821 |b .G76 2006eb | |
| 072 | 7 | |a BUS |x 027000 |2 bisacsh | |
| 082 | 0 | 4 | |a 332.4/56 |2 23 |
| 084 | |a 83.44 |2 bcl | ||
| 084 | |a QM 331 |2 rvk | ||
| 049 | |a UAMI | ||
| 245 | 0 | 4 | |a The exchange rate in a behavioral finance framework / |c Paul De Grauwe, Marianna Grimaldi. |
| 264 | 1 | |a PRINCETON : |b PRINCETON University Press, |c 2006. | |
| 300 | |a 1 online resource | ||
| 336 | |a text |b txt |2 rdacontent | ||
| 337 | |a computer |b c |2 rdamedia | ||
| 338 | |a online resource |b cr |2 rdacarrier | ||
| 504 | |a Includes bibliographical references (pages 191-196) and index. | ||
| 505 | 0 | |a The need for a new paradigm -- A simple behavioral finance model of the exchange rate -- A slightly more complex behavioral finance model -- Limits to arbitrage -- Changes in the perception of risk -- Modeling the supply of foreign assets and the current account -- Risk appetite in an evolutionary perspective -- The empirical evidence -- Official interventions in the foreign exchange markets -- Chaos in the foreign exchange markets. | |
| 520 | |a "This book provides an alternative view of the workings of foreign exchange markets. The authors' modeling approach is based on the idea that agents use simple forecasting rules and switch to those rules that have been shown to be the most profitable in the past. This selection mechanism is based on trial and error and is probably the best possible strategy in an uncertain world, the authors contend. It creates a rich dynamic in the foreign exchange markets and can generate bubbles and crashes. Sensitivity to initial conditions is a pervasive force in De Grauwe and Grimaldi's model. It explains why large exchange-rate changes and volatility clustering occur. It also has important implications for understanding how the news affects the exchange rate. De Grauwe and Grimaldi conclude that news in fundamentals has an unpredictable effect on the exchange rate. Sometimes, they maintain, it alters the exchange rate considerably; at other times it has no effectwhatsoever. The authors also use their model to analyze the effects of official interventions in the foreign exchange market. They show that simple intervention rules of the "leaning-against-the-wind" variety can be effective in eliminating bubbles and crashes in the exchange rate. They further demonstrate how, quite paradoxically, by intervening in the foreign exchange market the central bank makes the market look more efficient. Clear and comprehensive, The Exchange Rate in a Behavioral Finance Framework is a must-have for analysts in foreign exchange markets as well as students of international finance and economics."--Publisher's website. | ||
| 590 | |a JSTOR |b Books at JSTOR All Purchased | ||
| 590 | |a JSTOR |b Books at JSTOR Evidence Based Acquisitions | ||
| 590 | |a JSTOR |b Books at JSTOR Demand Driven Acquisitions (DDA) | ||
| 650 | 0 | |a Foreign exchange rates |x Psychological aspects. | |
| 650 | 0 | |a Foreign exchange rates |x Political aspects. | |
| 650 | 6 | |a Taux de change |x Aspect psychologique. | |
| 650 | 6 | |a Taux de change |x Aspect politique. | |
| 650 | 7 | |a BUSINESS & ECONOMICS |x Finance. |2 bisacsh | |
| 650 | 7 | |a Prognosemodell |2 gnd | |
| 650 | 7 | |a Devisenmarkt |2 gnd | |
| 650 | 7 | |a Wechselkursänderung |2 gnd | |
| 650 | 7 | |a Financiële analyse. |2 gtt | |
| 650 | 7 | |a Wisselkoersen. |2 gtt | |
| 650 | 7 | |a Stochastische modellen. |2 gtt | |
| 650 | 7 | |a Valutamarkt. |2 gtt | |
| 700 | 1 | |a Grauwe, Paul de. | |
| 700 | 1 | |a Grimaldi, Marianna. | |
| 776 | 0 | 8 | |i Print version: |t Exchange rate in a behavioral finance framework. |d PRINCETON : PRINCETON University Press, 2006 |z 069112163X |z 9780691121635 |w (DLC) 2006920668 |w (OCoLC)65286492 |
| 830 | 0 | |a Book collections on Project MUSE. | |
| 856 | 4 | 0 | |u https://jstor.uam.elogim.com/stable/10.2307/j.ctv346pzr |z Texto completo |
| 938 | |a EBSCOhost |b EBSC |n 1836936 | ||
| 938 | |a YBP Library Services |b YANK |n 15583256 | ||
| 938 | |a Project MUSE |b MUSE |n muse70734 | ||
| 994 | |a 92 |b IZTAP | ||