{"product_id":"handbook-of-exchange-rates","title":"Handbook of Exchange Rates","description":"\u003cp\u003e\u003cb\u003ePraise for \u003ci\u003eHandbook of Exchange Rates\u003c\/i\u003e\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e“This book is remarkable. I expect it to become \u003ci\u003ethe\u003c\/i\u003e anchor reference for people working in the foreign exchange field.”\u003c\/p\u003e \u003cp\u003e\u003ci\u003e—Richard K. Lyons, Dean and Professor of Finance,\u003c\/i\u003e \u003ci\u003eHaas School of Business, University of California Berkeley\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e“It is quite easily the most wide ranging treaty of expertise on the forex market I have ever come across. I will be keeping a copy close to my fingertips.”\u003c\/p\u003e \u003cp\u003e\u003ci\u003e—Jim O’Neill, Chairman, Goldman Sachs Asset Management\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eHow should we evaluate the forecasting power of models? What are appropriate loss functions for major market participants? Is the exchange rate the only means of adjustment? \u003ci\u003eHandbook of Exchange Rates\u003c\/i\u003e answers these questions and many more, equipping readers with the relevant concepts and policies for working in today’s international economic climate.\u003c\/p\u003e \u003cp\u003eFeaturing contributions written by leading specialists from the global financial arena, this handbook provides a collection of original ideas on foreign exchange (FX) rates in four succinct sections:\u003c\/p\u003e \u003cp\u003e• \u003ci\u003eOverview\u003c\/i\u003e introduces the history of the FX market and exchange rate regimes, discussing key instruments in the trading environment as well as macro and micro approaches to FX determination.\u003c\/p\u003e \u003cp\u003e• \u003ci\u003eExchange Rate Models and Methods\u003c\/i\u003e focuses on forecasting exchange rates, featuring methodological contributions on the statistical methods for evaluating forecast performance, parity relationships, fair value models, and flow–based models.\u003c\/p\u003e \u003cp\u003e• \u003ci\u003eFX Markets and Products\u003c\/i\u003e outlines active currency management, currency hedging, hedge accounting; high frequency and algorithmic trading in FX; and FX strategy-based products.\u003c\/p\u003e \u003cp\u003e• \u003ci\u003eFX Markets and Policy\u003c\/i\u003e explores the current policies in place in global markets and presents a framework for analyzing financial crises.\u003c\/p\u003e \u003cp\u003eThroughout the book, topics are explored in-depth alongside their founding principles. Each chapter uses real-world examples from the financial industry and concludes with a summary that outlines key points and concepts.\u003c\/p\u003e \u003cp\u003e\u003ci\u003eHandbook of Exchange Rates\u003c\/i\u003e is an essential reference for fund managers and investors as well as practitioners and researchers working in finance, banking, business, and econometrics. The book also serves as a valuable supplement for courses on economics, business, and international finance at the upper-undergraduate and graduate levels.\u003c\/p\u003e","brand":"John Wiley \u0026 Sons Inc","offers":[{"title":"Default Title","offer_id":54251516461400,"sku":"9780470768839","price":167.34,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0278\/1295\/4195\/files\/9780470768839.jpg?v=1780378266","url":"https:\/\/agendabookshop.com\/products\/handbook-of-exchange-rates","provider":"Agenda Bookshop","version":"1.0","type":"link"}