The Efficiency Of Futures Markets In Foreign Exchange
Download The Efficiency Of Futures Markets In Foreign Exchange full books in PDF, epub, and Kindle. Read online free The Efficiency Of Futures Markets In Foreign Exchange ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!
Author | : R. Hodrick |
Publisher | : Routledge |
Total Pages | : 185 |
Release | : 2014-05-01 |
Genre | : Business & Economics |
ISBN | : 1136455213 |
First Published in 2001. Routledge is an imprint of Taylor & Francis, an informa company.
Author | : Robert J. Hodrick |
Publisher | : CRC Press |
Total Pages | : 190 |
Release | : 2023-08-18 |
Genre | : Mathematics |
ISBN | : 1000943380 |
This book presents a critical review of the empirical literature that studies the efficiency of the forward and futures markets for foreign exchange. It provides a useful foundation for research in developing quantitative measures of risk and expected return in international finance.
Author | : Debra Ann Glassman |
Publisher | : |
Total Pages | : 552 |
Release | : 1980 |
Genre | : Commodity exchanges |
ISBN | : |
Author | : Mr. Zhongxia Jin |
Publisher | : International Monetary Fund |
Total Pages | : 22 |
Release | : 2021-11-12 |
Genre | : Business & Economics |
ISBN | : 1513584847 |
During China’s transition toward a more flexible exchange rate, it is essential to further develop its foreign exchange (FX) derivatives markets to meet the growing hedging needs associated with greater exchange rate fluctuations. Although over-the-counter (OTC) FX derivatives markets already exist in China, it lacks a FX futures market that offers critical complementarities. With standardized products, greater transparency and centralized oversight, a FX futures market can better satisfy the hedging needs of small and medium-sized enterprises and enhance regulatory efficiency. To address concerns regarding whether FX futures market will amplify the volatility of spot exchange rates, this paper analyzes the impact of establishing FX futures markets on spot market volatility using data from major emerging market economies. The result shows that FX futures market is not empirically associated with an increase in spot market volatility; in some cases, it is even associated with a decrease in spot market volatility. This paper further suggests that for a well-functioning FX futures market to be established, it is essential for China to substitute the inefficient documentation requirement of underlying exposures with a new set of market-oriented measures for the purpose of prudent regulation.
Author | : |
Publisher | : |
Total Pages | : |
Release | : 1959 |
Genre | : |
ISBN | : |
Author | : Robert J. Hodrick |
Publisher | : |
Total Pages | : 0 |
Release | : 2018 |
Genre | : MATHEMATICS |
ISBN | : 9781003420385 |
This book presents a critical review of the empirical literature that studies the efficiency of the forward and futures markets for foreign exchange. It provides a useful foundation for research in developing quantitative measures of risk and expected return in international finance.
Author | : Kenneth Lankford Cavanaugh |
Publisher | : |
Total Pages | : 188 |
Release | : 1983 |
Genre | : Forecasting |
ISBN | : |
Author | : Kenneth L. Cavanaugh |
Publisher | : |
Total Pages | : 188 |
Release | : 1985 |
Genre | : |
ISBN | : |
Author | : International Monetary Fund |
Publisher | : International Monetary Fund |
Total Pages | : 40 |
Release | : 1989-12-29 |
Genre | : Business & Economics |
ISBN | : 1451946961 |
The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and national and international economic developments.
Author | : Barry Goss |
Publisher | : Routledge |
Total Pages | : 252 |
Release | : 2005-10-09 |
Genre | : Business & Economics |
ISBN | : 113497521X |
Do traders in futures markets make use of all relevant information and is this reflected in prices? This collection of original essays by a team of international economists considers these and other questions central to futures markets.