Currency Forecasting

Currency Forecasting PDF
Author: Michael Roy Rosenberg
Publisher: Irwin Professional Pub
ISBN:
Size: 69.78 MB
Format: PDF, Docs
Category : Business & Economics
Languages : un
Pages : 388
View: 2669

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This text explains the methods and aspects of exchange rate forecasting, including purchasing power, parity, interest rate differentials and technical analysis. Guidelines for reducing risk with forecasting strategies are included, as are techniques for co

Medium Term Exchange Rate Forecasting

Medium Term Exchange Rate Forecasting PDF
Author: Mr.Guy Meredith
Publisher: International Monetary Fund
ISBN: 1451843933
Size: 57.15 MB
Format: PDF, Mobi
Category : Business & Economics
Languages : en
Pages : 31
View: 2595

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The medium-term predictability of exchange rate movements is examined using three models of fundamentals: purchasing power parity, the monetary model, and uncovered interest parity. While the first two approaches yield favorable in-sample results, these largely reflect finite-sample estimation biases. Adjusting for these biases, there is little evidence of predictability, consistent with the lack of systematic improvement in out-of-sample forecasting performance relative to a random walk. Uncovered interest parity fares better at long horizons, but reflects information already embodied in market prices; in this sense, it may not be useful as an indicator of exchange rate misalignment. While more elaborate models of fundamentals might have better medium-term forecasting properties, careful attention must be paid to finite-sample biases in assessing predictability.

Exchange Rate Determination

Exchange Rate Determination PDF
Author: Michael Rosenberg
Publisher: McGraw Hill Professional
ISBN: 9780071415019
Size: 52.89 MB
Format: PDF, ePub, Mobi
Category : Business & Economics
Languages : un
Pages : 267
View: 754

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Models and Strategies for Exchange Rate ForecastingMichael R. RosenbergGetting an accurate exchange rate is critical for any company doing business in today's global economy. Exchange Rate Determination--written by the number one-ranked foreign exchange team in the world--examines the methods used to accurately and profitably forecast foreign exchange rates. This hands-on guidebook uses extensive charts and tables to examine currency option markets, productivity trends and exchange rates; technical analysis methods to improve currency forecasting accuracy; and more.

Currency Strategy

Currency Strategy PDF
Author: Callum Henderson
Publisher: John Wiley & Sons
ISBN: 0470029730
Size: 57.28 MB
Format: PDF, Docs
Category : Business & Economics
Languages : un
Pages : 264
View: 4386

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Currency Strategy, Second Edition develops new techniques and explains classic tools available for predicting, managing, and optimizing fluctuations in the currency markets. Author Callum Henderson shows readers ho to use mathematical models to assist in the prediction of crises and gives practical advice on how to use these and other tools successfully. Given there such huge focus on China at the moment, the timing of this new edition is particularly important. The new edition will feature a thorough update on the key developments in the past 3 years, new chapters on emerging markets, an in-depth review of the markets of China and India and their currencies and much more.

A Companion To Economic Forecasting

A Companion to Economic Forecasting PDF
Author: Michael P. Clements
Publisher: John Wiley & Sons
ISBN: 140517191X
Size: 71.25 MB
Format: PDF, ePub
Category : Social Science
Languages : en
Pages : 616
View: 2836

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A Companion to Economic Forecasting provides an accessible and comprehensive account of recent developments in economic forecasting. Each of the chapters has been specially written by an expert in the field, bringing together in a single volume a range of contrasting approaches and views. Uniquely surveying forecasting in a single volume, the Companion provides a comprehensive account of the leading approaches and modeling strategies that are routinely employed.

Global Corporate Finance

Global Corporate Finance PDF
Author: Suk H. Kim
Publisher: John Wiley & Sons
ISBN: 1405152249
Size: 70.14 MB
Format: PDF, Mobi
Category : Business & Economics
Languages : en
Pages : 544
View: 6514

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Global Corporate Finance, sixth edition provides studentswith the practical skills needed to understand global financialproblems and techniques. Retains the user-friendly format of previous editions whileoffering expanded material on corporate finance and governance,international markets, global financial dynamics and strategies,and risk management techniques Each chapter begins with a real-world case study to be explainedby theories and research findings presented throughout thechapter End-of-chapter mini-cases further reinforce students’understanding of the material covered This edition is supported by a comprehensive Study Guide and anInstructor's Manual, available atwww.blackwellpublishing.com/kim.

Multinational Financial Management

Multinational Financial Management PDF
Author: Alan C. Shapiro
Publisher: John Wiley & Sons
ISBN: 1119559847
Size: 66.83 MB
Format: PDF
Category : Business & Economics
Languages : en
Pages : 624
View: 6918

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The eleventh edition of Multinational Financial Management is a comprehensive survey of the essential areas of the international financial market environment, including foreign exchange and derivative markets, risk management, and international capital markets and portfolio investment. Designed for upper-level undergraduate and masters-level courses in international finance and management, this textbook offers readers a conceptual framework for analyzing key financial decisions of multinational firms. The authors both explain and simplify multinational financial management by illustrating how its basic principles share the same foundation as domestic corporate finance. Assuming no prior knowledge of international economics or finance, this substantially revised new edition builds upon the fundamental principles of domestic financial management to examine the unique dimensions of international finance. Readers are presented with a solid theoretical knowledgebase for examining decision problems, as well as practical analytical techniques that clarify the often-ambiguous guidelines used by international financial executives. All the traditional areas of corporate finance are explored from the perspective of a multinational corporation, focusing on elements rarely encountered in domestic finance such as multiple currencies, segmented capital markets, and political risks of nationalization or expropriation.

Handbook Of Economic Forecasting

Handbook of Economic Forecasting PDF
Author: Graham Elliott
Publisher: Elsevier
ISBN: 0444627405
Size: 19.70 MB
Format: PDF, ePub, Mobi
Category : Business & Economics
Languages : en
Pages : 672
View: 7486

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The highly prized ability to make financial plans with some certainty about the future comes from the core fields of economics. In recent years the availability of more data, analytical tools of greater precision, and ex post studies of business decisions have increased demand for information about economic forecasting. Volumes 2A and 2B, which follows Nobel laureate Clive Granger's Volume 1 (2006), concentrate on two major subjects. Volume 2A covers innovations in methodologies, specifically macroforecasting and forecasting financial variables. Volume 2B investigates commercial applications, with sections on forecasters' objectives and methodologies. Experts provide surveys of a large range of literature scattered across applied and theoretical statistics journals as well as econometrics and empirical economics journals. The Handbook of Economic Forecasting Volumes 2A and 2B provide a unique compilation of chapters giving a coherent overview of forecasting theory and applications in one place and with up-to-date accounts of all major conceptual issues. Focuses on innovation in economic forecasting via industry applications Presents coherent summaries of subjects in economic forecasting that stretch from methodologies to applications Makes details about economic forecasting accessible to scholars in fields outside economics

Foreign Exchange Rate Forecasting With Artificial Neural Networks

Foreign Exchange Rate Forecasting with Artificial Neural Networks PDF
Author: Lean Yu
Publisher: Springer Science & Business Media
ISBN: 038771720X
Size: 35.79 MB
Format: PDF, Mobi
Category : Business & Economics
Languages : un
Pages : 316
View: 1054

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This book focuses on forecasting foreign exchange rates via artificial neural networks (ANNs), creating and applying the highly useful computational techniques of Artificial Neural Networks (ANNs) to foreign-exchange rate forecasting. The result is an up-to-date review of the most recent research developments in forecasting foreign exchange rates coupled with a highly useful methodological approach to predicting rate changes in foreign currency exchanges.

Exchange Rate Forecasting Techniques And Applications

Exchange Rate Forecasting  Techniques and Applications PDF
Author: I. Moosa
Publisher: Springer
ISBN: 0230379001
Size: 16.77 MB
Format: PDF, ePub, Mobi
Category : Business & Economics
Languages : un
Pages : 424
View: 6758

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Forecasting exchange rates is a variable that preoccupies economists, businesses and governments, being more critical to more people than any other variable. In Exchange Rate Forecasting the author sets out to provide a concise survey of the techniques of forecasting - bringing together the various forecasting methods and applying them to the exchange rate in a highly accessible and readable manner. Highly practical in approach, the book provides an understanding of the techniques of forecasting with an emphasis on its applications and use in business decision-making, such as hedging, speculation, investment, financing and capital budgeting. In addition, the author also considers recent developments in the field, notably neural networks and chaos, again, with easy-to-understand explanations of these "rocket science" areas. The practical approach to forecasting is also reflected in the number of examples that pepper the text, whilst descriptions of some of the software packages that are used in practice to generate forecasts are also provided.

Exchange Rate Forecasting Techniques Survey Data And Implications For The Foreign Exchange Market

Exchange Rate Forecasting Techniques  Survey Data  and Implications for the Foreign Exchange Market PDF
Author: Jeffrey A. Frankel
Publisher:
ISBN:
Size: 33.97 MB
Format: PDF, Kindle
Category : Electronic book
Languages : un
Pages : 26
View: 6639

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The paper presents new empirical results that elucidate the dynamics of the foreign exchange market. The first half of the paper is an updated study of the exchange rate expectations held by market participants, as reflected in responses to surveys, and contains the following conclusions. First, the bias observed in the forward discount as a predictor of the future spot rate is not attributable to an exchange risk premium, as is conventionally believed. Second, at short horizons forecasters tend to extrapolate recent trends, while at long horizons they tend to forecast a reversal. Third, the bias in expectations is robust in the samples, based on eight years of data across five currencies. The second half of the paper abandons the framework in which all market participants share the same forecast, to focus on the importance of heterogeneous expectations. Tests suggest that dispersion of opinion, as reflected in the standard deviation across respondents in the survey, affects the volume of trading in the market, and, in turn, the degree of volatility of the exchange rate. An example of how conflicting forecasts can lead to swings in the exchange rate is the model of "chartists and fundamentalists." The market weights assigned to the two models fluctuate over time in response to recent developments, leading to fluctuations in the demand for foreign currency. The paper ends with one piece of evidence to support the model: the fraction of foreign exchange forecasting services that use "technical analysis" did indeed increase sharply during 1983-85, but declined subsequently