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Expectations in Financial Markets – A Survey Data Approach
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Expectations in Financial Markets – A Survey Data Approach

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Book Details

Format Paperback / Softback
ISBN-10 3631585608
ISBN-13 9783631585603
Edition New
Publisher Peter Lang AG
Imprint Peter Lang AG
Country of Manufacture DE
Country of Publication GB
Publication Date Jul 16th, 2009
Print length 142 Pages
Weight 196 grams
Dimensions 15.00 x 27.50 x 1.00 cms
Ksh 6,600.00
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Knowing how expectations are formed in the financial markets is crucial to understanding how financial markets work. Although the market price itself reflects to some extent expectations, market expectations cannot be observed directly. Nonetheless, different strategies remain to investigate expectations in financial markets in more detail. This book uses survey data which allow a detailed analysis of market’s expectations since it provides information of expectations of individual economic agents. This book focuses on the two major financial markets in terms of trading volume, namely the foreign exchange market and the money market. Since these markets can be regarded as highly liquid and market participants have equal access to information both markets can be regarded as appropriate candidates to investigate the expectation formation process.
Knowing how expectations are formed in the financial markets is crucial to understanding how financial markets work. Although the market price itself reflects to some extent expectations, market expectations cannot be observed directly. Nonetheless, different strategies remain to investigate expectations in financial markets in more detail. This book uses survey data which allow a detailed analysis of market’s expectations since it provides information of expectations of individual economic agents. This book focuses on the two major financial markets in terms of trading volume, namely the foreign exchange market and the money market. Since these markets can be regarded as highly liquid and market participants have equal access to information both markets can be regarded as appropriate candidates to investigate the expectation formation process.

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