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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...

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Bibliographic Details
Call Number:Libro Electrónico
Other Authors: Grauwe, Paul de, Grimaldi, Marianna
Format: Electronic eBook
Language:Inglés
Published: PRINCETON : PRINCETON University Press, 2006.
Series:Book collections on Project MUSE.
Subjects:
Online Access:Texto completo
Table of Contents:
  • 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.