non-parametric test procedure to filter out microstructure noise from observed exchange rates and extract jumps as the significant “equilibrium” returns; various categories of information news from different geographical regions are exploited; the hypothesis of a leverage effect on foreign exchange jumps...
PARTIAL EQUILIBRIUM ANALYSIS OF FOREIGN EXCHANGE MARKETdoi:10.1111/j.1467-999X.1977.tb00577.xV.TempleUniversityN.TempleUniversityBanderaTempleUniversityJ.TempleUniversityA.TempleUniversityLuckenTempleUniversityWileyMetroeconomica
Equilibrium valuation of foreign exchange claims. Journal of Finance 52 (2), 799-826.Bakshi G,Chen Z.Equilibrium valuation of foreign exchange claims[J ]. The Journal of Finance . 1997Bakshi, G.S. and Chen, Z. (1997), "Equilibrium Valuation of Foreign Exchange Claims", Journal of Finance...
Dervis, Kemal,“Substitution, Employment and Intertemporal Equilibrium in a Non-Linear Multi-Sector Planning Model for Turkey”.European Economic Review, Vol. 6, 1975, pp. 77–96. Article Google Scholar Dervis, Kemal, and Sherman Robinson,The Foreign Exchange Gap, Growth and Industrial Strategy ...
The properties of the foreign exchange risk premium in general equilibrium models with sticky nominal prices are examined. In these models, risk premiums arise endogenously because monetary shocks lead to covariation of consumption and exchange rates. In
foreign exchange equilibrium 专业释义 <金融>外汇平衡 大家的讨论 经济学人 | 常用经济术语700个中英文词汇及其释义(七) 术语表:361、Econometrics 经济计量学 经济学的一个分支。利用统计方法衡量和估计经济中的数量关系。362、Economic goods 经济物品 就总需求量而言总是稀缺的那些商品。通常必须通过收取一个正的...
Answer to: Explain how the money markets of two countries are linked through the foreign exchange market. By signing up, you'll get thousands of...
indicating that when the short-term fluctuation deviates from the long-term equilibrium, the reverse correction mechanism is not tenable. Thet-value of ∆lnUSDCNY is 0.566549, which indicated that the change in the exchange rate has no significant impact on the FDI inflow in the short term....
• China’s exchange rate in 1996 was set equal to market price as determined in the swap market. We thus assume that it is in equilibrium. 8.3 yuan could buy the same basket of goods in China as one dollar could buy in the US. ...
foreign exchange market (forex, or FX, market), institution for the exchange of one country’s currency with that of another country. Foreign exchange markets are actually made up of many different markets, because the trade between individual currencies—say, the euro and the U.S. dollar—eac...