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
Product Classification:
Economic theory & philosophyMonetary economics
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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