Speculation, incomplete currency market participation, and nonfundamental movements in nominal and real exchange rates

Article Abstract:

A study was conducted on alternative approaches that can produce accurate paths for exchange rate movements that are independent of fundamentals using a model which presents price levels and changes in exchange rates. Results show that exchange rates may change independently of fundamentals during certain intervals like movements in money supply and that fundamentals can be used to determine changes in nominal and real exchange rates.

Analysis, Foreign exchange market

---

The Demand for Foreign Bonds

Article Abstract:

A definitive formula to determine the demand for foreign bonds in a general equilibrium model is examined. Foreign bond demand is an increasing function of imports when the product of consumption expenditure for imports and the degree of risk tolerance for the investor is less than one. No restrictions are imposed on the utility function of the investor.

---

Similar abstracts:

• Abstracts: Optimality of incomplete markets. The use of an agent in a signalling model. Bargaining on behalf of a constituency
• Abstracts: Macro shocks and fluctuations. The parallel market as a policy instrument in collapsing exchange rate regimes
• Abstracts: Regulation, Vertical Integration and Sabotage. Vertical Foreclosure In Broadband Access? Revenue sharing and vertical control in the Video Rental industry
• Abstracts: Does the market react differently to domestic and foreign takeover announcements? Evidence from the U.S. chemical and retail industries
• Abstracts: Delegation of risky activities. Device nomenclature: the challenge of making the GMDN work. Collateral security and financing structures for Sharia-compliant project finance: four case studies

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.