Foreign Exchange Markets (The International Library of Critical Writings in Financial Economics)ISBN: 1840648317;
`This book with its collection of classical and influential articles is a must on the desk of any scholar with an interest in the behavior of foreign exchange rates. Researchers in the field of foreign exchange are provided with an extremely valuable mini-library containing an up to date overview of research questions, and in depth analyses of empirical methods and data problems. The collection starts with articles on the failure of fundamentals as determinants of exchange rate behavior. It continues through statistical models and technical analysis to research on the micro structure of foreign exchange markets. In the end the circle is closed with research on the linkages between micro structure and long term exchange rate behavior. The introductory chapter provides an excellent overview of the issues from the micro level to macro policy issues and it includes valuable references to additional literature that could not fit in between the covers.' - Clas Wihlborg, Copenhagen Business...