Discount rate changes and the foreign exchange market
نویسندگان
چکیده
منابع مشابه
Exchange Rate Volatility in the Artiicial Foreign Exchange Market
This paper studies co-evolution of di erent decision rules in an arti cial foreign exchange market. The behavior of the exchange rate depends on the type of decision rules that agents use. Evolution of the moving average and least squares forecasting techniques results in a speculative attack on one of the currencies and that currency's eventual collapse. Addition of the rules that evolve the p...
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GROWING BODY OF theoretical literature, known as the study of securities market microstructure, deals with the behavior of participants in securities markets and with the effects of information and institutional rules on the economic performance of those markets. These institutional factors may arise from technology, tradition or regulation. Microstructure and its impact are important, because ...
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ژورنال
عنوان ژورنال: Journal of International Money and Finance
سال: 1984
ISSN: 0261-5606
DOI: 10.1016/0261-5606(84)90014-7