Empirical Evidence on the Efficiency of Forward and Futures Foreign Exchange Markets

Empirical Evidence on the Efficiency of Forward and Futures Foreign Exchange Markets
Author: Robert J. Hodrick
Publisher: CRC Press
Total Pages: 198
Release: 2023-08-18
Genre: Mathematics
ISBN: 1000950026

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.

Capital Markets and Institutions

Capital Markets and Institutions
Author: Linda Allen
Publisher: John Wiley & Sons
Total Pages: 804
Release: 1997-01-31
Genre: Business & Economics
ISBN: 0471130494

Intended for Junior/Senior/MBA course in Financial Markets, Capital Markets and Institutions. Using an international focus, this text integrates the financial markets with the activities of financial intermediaries. This approach enables students to understand the role of financial intermediaries in the development of financial markets. Throughout the text, the emphasis is on "how things are done on the street." The origins, major participants, pricing and settlements and typical transactions for all financial markets are also included.

Futures Markets

Futures Markets
Author: A. G. Malliaris
Publisher: Edward Elgar Publishing
Total Pages: 440
Release: 1997
Genre: Business & Economics
ISBN:

A collection of 70 influential articles which cover a range of topics, including stock indexes, arbitrage, portfolio insurance, volatility and the October 1987 crash, price distributions, theories and determinants of hedging, portfolio selection with futures, institutions, market characteristics, speculation, pricing, efficiency, interest rates and insurance, and foreign currencies. In addition, the editor has written introductory essays for each volume which analyze speculation and hedging, explore the relatively new idea that futures markets can be modelled as chaotic processes, and demystify financial futures while presenting evidence of their benefits. No subject index. Annotation copyright by Book News, Inc., Portland, OR

Evolutionary Algorithms in Management Applications

Evolutionary Algorithms in Management Applications
Author: Jörg Biethahn
Publisher: Springer Science & Business Media
Total Pages: 384
Release: 2012-12-06
Genre: Business & Economics
ISBN: 3642612172

Evolutionary Algorithms (EA) are powerful search and optimisation techniques inspired by the mechanisms of natural evolution. They imitate, on an abstract level, biological principles such as a population based approach, the inheritance of information, the variation of information via crossover/mutation, and the selection of individuals based on fitness. The most well-known class of EA are Genetic Algorithms (GA), which have received much attention not only in the scientific community lately. Other variants of EA, in particular Genetic Programming, Evolution Strategies, and Evolutionary Programming are less popular, though very powerful too. Traditionally, most practical applications of EA have appeared in the technical sector. Management problems, for a long time, have been a rather neglected field of EA-research. This is surprising, since the great potential of evolutionary approaches for the business and economics domain was recognised in pioneering publications quite a while ago. John Holland, for instance, in his seminal book Adaptation in Natural and Artificial Systems (The University of Michigan Press, 1975) identified economics as one of the prime targets for a theory of adaptation, as formalised in his reproductive plans (later called Genetic Algorithms).

Handbook of International Economics

Handbook of International Economics
Author: R.W. Jones
Publisher: Elsevier
Total Pages: 640
Release: 1984
Genre: Business & Economics
ISBN: 0444867937

This Handbook adopts a traditional definition of the subject, and focuses primarily on the explanation of international transactions in goods, services, and assets, and on the main domestic effects of those transactions. The first volume deals with the "real side" of international economics. It is concerned with the explanation of trade and factor flows, with their main effects on goods and factor prices, on the allocation of resources and income distribution and on economic welfare, and also with the effects on national policies designed explicitly to influence trade and factor flows. In other words, it deals chiefly with microeconomic issues and methods. The second volume deals with the "monetary side" of the subject. It is concerned with the balance of payments adjustment process under fixed exchange rates, with exchange rate determination under flexible exchange rates, and with the domestic ramifications of these phenomena. Accordingly, it deals mainly with economic issues, although microeconomic methods are frequently utilized, especially in work on expectations, asset markets, and exchange rate behavior. For more information on the Handbooks in Economics series, please see our home page on http://www.elsevier.nl/locate/hes

Studies in the Financial Markets of the Pacific Basin

Studies in the Financial Markets of the Pacific Basin
Author: Theodore Bos
Publisher: JAI Press(NY)
Total Pages: 256
Release: 1994
Genre: Business & Economics
ISBN:

This eleventh volume in the series on research in international business and finance deals with studies in the financial markets of the Pacific Basin. Topics covered by the book include emerging Asian equity markets and the money markets of the area.