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The Microstructure Approach to Exchange Rates (Paperback)

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Product Overview

The microstructure approach views exchange rates from the perspective of the trading room, the place where exchange rates are actually determined. Emphasizing information economics over institutional issues, the approach departs from three unrealistic assumptions common to previous approaches: that all information relevant to exchange rates is publicly available, that all market participants are alike in their goals or in how they view information, and that how trading is organized is inconsequential for exchange rates. The book shows how exchange-rate behavior previously thought to be particularly puzzling can be explained using the microstructure approach. It contains a combination of theoretical and empirical work.

Specifications

Publisher Mit Pr
Mfg Part# 9780262622059
SKU 202112446
Format Paperback
ISBN10 026262205X
Release Date 4/10/2007
Product Attributes
Book Format Paperback
Minimum Age 22
Number of Pages 0345
Publisher MIT Press (MA)
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