4. Risk Averse Speculation in the Forward Foreign Exchange Market: An Econometric Analysis of Linear Models

Kapitel in diesem Buch

1. Frontmatter i
2. Contents vii
3. Preface ix
4. 1. An Introduction to Exchange Rates and International Macroeconomics 1
5. 2. An Accounting Framework and Some Issues for Modeling How Exchange Rates Respond to the News 19
6. 3. The Out-of-Sample Failure of Empirical Exchange Rate Models: Sampling Error or Misspecification? 67
7. 4. Risk Averse Speculation in the Forward Foreign Exchange Market: An Econometric Analysis of Linear Models 113
8. 5. Rational Expectations and the Foreign Exchange Market 153
9. 6. The Use of Monetary Policy for Internal and External Balance in Ten Industrial Countries 189
10. 7. Staggered Contracts and Exchange Rate Policy 235
11. 8. Oil Shocks and Exchange Rate Dynamics 259
12. 9. Real Adjustment and Exchange Rate Dynamics 285
13. 10. Real Exchange Rate Overshooting and the Output Cost of Bringing Down Inflation: Some Further Results 317
14. Contributors 369
15. Author Index 373
16. Subject Index 376