The Efficiency Of Futures Markets For Foreign Currency
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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 | : Kenneth L. Cavanaugh |
Publisher | : |
Total Pages | : 188 |
Release | : 1985 |
Genre | : |
ISBN | : |
Author | : Kenneth Lankford Cavanaugh |
Publisher | : |
Total Pages | : 188 |
Release | : 1983 |
Genre | : Forecasting |
ISBN | : |
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 | : 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 | : Alastair Graham |
Publisher | : Routledge |
Total Pages | : 120 |
Release | : 2014-06-23 |
Genre | : Business & Economics |
ISBN | : 1135968101 |
The Currency Risk Management series offers readers, researchers, and financial professional a time-tested training tool for understanding and working in the increasingly complex currency markets. This series breaks new ground in simplicity, clarity, and ease of application in risk management practice.
Author | : Erdogan Bilik |
Publisher | : |
Total Pages | : 36 |
Release | : 1983 |
Genre | : Commodity exchanges |
ISBN | : |
Author | : |
Publisher | : |
Total Pages | : |
Release | : 1959 |
Genre | : |
ISBN | : |