| Description |
x, 200 pages : illustrations ; 24 cm |
| Contents |
1. The need for a new paradigm -- 2. A simple behavioral finance model of the exchange rate -- 3. A slightly more complex behavioral finance model -- 4. Limits to arbitrage -- 5. Changes in the perception of risk -- 6. Modeling the supply of foreign assets and the current account -- 7. Risk appetite in an evolutionary perspective -- 8. The empirical evidence -- 9. Official interventions in the foreign exchange markets -- 10. Chaos in the foreign exchange markets |
| Summary |
"This book provides an alternative view of the workings of foreign exchange markets." "The author's modeling approach is based on the idea that agents use simple forecasting rules and switch to those rules that have been shown to be the most profitable in the past. This selection mechanism is based on trial and error and is probably the best possible strategy in a very uncertain world, the authors contend. It creates a rich dynamic in the foreign exchange markets and can generate bubbles and crashes."--BOOK JACKET |
| Notes |
Includes index |
| Bibliography |
Bibliography: pages [191]-196 |
| Subject |
Foreign exchange rates -- Political aspects.
|
|
Foreign exchange rates -- Psychological aspects.
|
| Author |
Grimaldi, Marianna.
|
| LC no. |
2006920668 |
| ISBN |
069112163X (hbk.) |
|
(hbk.) |
|
