Download Full eBooks in PDF
Foreign Currency Option Pricing And Properties Of Ex Ante Exchange Rate Variability Changes Book in PDF, ePub and Kindle version is available to download in english. Read online anytime anywhere directly from your device. Click on the download button below to get a free pdf file of Foreign Currency Option Pricing And Properties Of Ex Ante Exchange Rate Variability Changes book. This book definitely worth reading, it is an incredibly well-written.
Author : Fatih Akin
Publisher : Unknown
Page : 346 pages
File Size : 44,5 Mb
Release : 1992
Category : Electronic
ISBN : IND:30000001712516
Author : Zhaohui Chen
Publisher : World Scientific
Page : 220 pages
File Size : 51,9 Mb
Release : 1998-04-21
Category : Business & Economics
ISBN : 9789814499163
This volume is a collection of classical and recent empirical studies of currency options and their implications for issues of exchange rate economics, such as exchange rate risk premium, volatility, market expectations, and credibility of exchange rate regimes. It contains applications on how to extract useful information from option market data for financial forecasting policy purposes. The subjects are discussed in a self-contained, user-friendly format, with introductory chapters on currency option theory and currency option markets. The book can be used as supplementary reading for graduate finance and international economics courses, as training material for central bank and regulatory authorities, or as a reference book for financial analysts. Contents:Learning from Currency Option Markets: An Overview (Z-H Chen)An Introduction to Option Pricing Theory (P G Zhang)An Introduction to Currency Option Markets (A M Malz)The Implied Volatility in Prices of Foreign Currency Options (L O Scott)Learning from the Term Structure of Implied Volatility in Foreign Exchange Options (J M Campa & P H K Chang)Options and the Currency Risk Premium (R K Lyons)Option Prices and the Probability Distribution of Exchange Rates (A M Malz)The ERM Realignment Probabilities: Estimates Using Option Prices (A M Malz)Options on Exchange Rates in Target Zones (J M Campa & P H K Chang)Inferring Market Expectations Using Currency Option Price and Volume Data (Z-H Chen & C A E Goodhart) Readership: Graduate students in economics & finance, academic researchers, central bank staff and private industry financiers. keywords:
Author : Anonim
Publisher : Unknown
Page : 554 pages
File Size : 53,5 Mb
Release : 2007
Category : Dissertations, Academic
ISBN : STANFORD:36105123442498
Author : Mr.Michael G. Spencer,Mr.Peter M. Garber
Publisher : International Monetary Fund
Page : 40 pages
File Size : 49,8 Mb
Release : 1994-12-01
Category : Business & Economics
ISBN : 9781451857009
The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and national and international economic developments.
Author : Anonim
Publisher : Unknown
Page : 704 pages
File Size : 51,8 Mb
Release : 2014
Category : Economics
ISBN : OSU:32435085444032
Author : R.W. Jones,P.B. Kenen
Publisher : Elsevier
Page : 635 pages
File Size : 46,9 Mb
Release : 1988-05-01
Category : Business & Economics
ISBN : 0080550371
This Handbook adopts a traditional definition of the subject, and focuses primarily on the explanation of international transactions in goods, services, and assets, and on the main domestic effects of those transactions. The first volume deals with the "real side" of international economics. It is concerned with the explanation of trade and factor flows, with their main effects on goods and factor prices, on the allocation of resources and income distribution and on economic welfare, and also with the effects on national policies designed explicitly to influence trade and factor flows. In other words, it deals chiefly with microeconomic issues and methods. The second volume deals with the "monetary side" of the subject. It is concerned with the balance of payments adjustment process under fixed exchange rates, with exchange rate determination under flexible exchange rates, and with the domestic ramifications of these phenomena. Accordingly, it deals mainly with economic issues, although microeconomic methods are frequently utilized, especially in work on expectations, asset markets, and exchange rate behavior. For more information on the Handbooks in Economics series, please see our home page on http://www.elsevier.nl/locate/hes
Author : Zamir Iqbal,Tarik Akin,Nabil El Maghrebi,Abbas Mirakhor
Publisher : Walter de Gruyter GmbH & Co KG
Page : 575 pages
File Size : 42,5 Mb
Release : 2020-08-10
Category : Business & Economics
ISBN : 9783110585179
This handbook offers a unique and original collection of analytical studies in Islamic economics and finance, and constitutes a humble addition to the literature on new economic thinking and global finance. The growing risks stemming from higher debt, slower growth, and limited room for policy maneuver raise concerns about the ability and propensity of modern economies to find effective solutions to chronic problems. It is important to understand the structural roots of inherent imbalance, persistence-in-error patterns, policy and governance failures, as well as moral and ethical failures. Admittedly, finance and economics have their own failures, with abstract theory bearing little relation with the real economy, uncertainties and vicissitudes of economic life. Economic research has certainly become more empirical despite, or perhaps because of, the lack of guidance from theory. The analytics of Islamic economics and finance may not differ from standard frameworks, methods, and techniques used in conventional economics, but may offer new perspectives on the making of financial crises, nature of credit cycles, roots of financial system instability, and determinants of income disparities. The focus is placed on the logical coherence of Islamic economics and finance, properties of Islamic capital markets, workings of Islamic banking, pricing of Islamic financial instruments, and limits of debt financing, fiscal stimulus and conventional monetary policies, inter alia. Readers with investment, regulatory, and academic interests will find the body of analytical evidence to span many areas of economic inquiry, refuting thereby the false argument that given its religious tenets, Islamic economics is intrinsically narrative, descriptive and not amenable to testable implications. Thus, the handbook may contribute toward a redefinition of a dismal science in search for an elusive balance between rationality, ethics and morality, and toward a remodeling of economies based on risk sharing and prosperity for all humanity
Author : CFA Institute
Publisher : John Wiley & Sons
Page : 3431 pages
File Size : 41,7 Mb
Release : 2018-08-24
Category : Business & Economics
ISBN : 9781119516927
Master the practical aspects of the CFA Program curriculum with expert instruction for the 2019 exam The same official curricula that CFA Program candidates receive with program registration is now publicly available for purchase. CFA Program Curriculum 2019 Level II, Volumes 1-6 provides the complete Level II curriculum for the 2019 exam, with practical instruction on the Candidate Body of Knowledge (CBOK) and how it is applied, including expert guidance on incorporating concepts into practice. Level II focuses on complex analysis with an emphasis on asset valuation, and is designed to help you use investment concepts appropriately in situations analysts commonly face. Coverage includes ethical and professional standards, quantitative analysis, economics, financial reporting and analysis, corporate finance, equities, fixed income, derivatives, alternative investments, and portfolio management organized into individual study sessions with clearly defined Learning Outcome Statements. Charts, graphs, figures, diagrams, and financial statements illustrate complex concepts to facilitate retention, and practice questions with answers allow you to gauge your understanding while reinforcing important concepts. While Level I introduced you to basic foundational investment skills, Level II requires more complex techniques and a strong grasp of valuation methods. This set dives deep into practical application, explaining complex topics to help you understand and retain critical concepts and processes. Incorporate analysis skills into case evaluations Master complex calculations and quantitative techniques Understand the international standards used for valuation and analysis Gauge your skills and understanding against each Learning Outcome Statement CFA Institute promotes the highest standards of ethics, education, and professional excellence among investment professionals. The CFA Program curriculum guides you through the breadth of knowledge required to uphold these standards. The three levels of the program build on each other. Level I provides foundational knowledge and teaches the use of investment tools; Level II focuses on application of concepts and analysis, particularly in the valuation of assets; and Level III builds toward synthesis across topics with an emphasis on portfolio management.
Author : Bernard Dumas,Lars Peter Jennergren,Bertil Näslund
Publisher : Unknown
Page : 56 pages
File Size : 42,6 Mb
Release : 1993
Category : Currency convertibility
ISBN : UCSD:31822015496375
This paper extends the Krugman target zone model by including a realignment mechanism. Various properties of that realignment mechanism are discussed. The movement of the exchange rate is governed both by a Wiener process on fundamental and by a Poisson jump process with endogenous realignment size. The realignment mechanism is such that (except in cases where a speculative attack occurs) no jump in fundamental is needed to accompany the jump in the exchange rate. A risk neutral valuation of currency options is constructed. Some properties of option values under realignment risk are illustrated by numerical results.
Author : Banco de Pagos Internacionales (Basilea, Suiza). Departamento Monetario y Económico
Publisher : Unknown
Page : 0 pages
File Size : 43,5 Mb
Release : 2013
Category : Banks and banking, Central
ISBN : 9291319627
Author : Brian Kettell
Publisher : Financial Times/Prentice Hall
Page : 316 pages
File Size : 52,7 Mb
Release : 2000
Category : Currency boards
ISBN : UOM:39015047600690
What Drives Currency Markets takes the reader on a complete tour of the instigators of change within the foreign exchange market. Beginning by placing the FX market in the centre of the global financial system. It moves on to explain where volatility originates, and what the major factors of change are including economic developments and short term considerations. The book discusses what makes a great currency and whether currency collapses can ever be predicted. The influence of the Euro is emphasised throughout the whole text and the author concludes by asking whether the Euro will succeed or fail as a currency. What Drives Currency Markets is essential reading for dealers, analysts, newcomers to the financial marketsm and finance professionals across the board who need to maintain their edge at the forefront of developments in international finacial markets. analyses the true influencers of currency movements which FX market participants concentrate on gives readers what they really need to know - the facts of what happens in the dealing room includes an analysis of the non-economic factors that need watching looks at the influence of the Fed and EMU on FX markets essential for newcomers to international financial markets
Author : Iain J. Clark
Publisher : John Wiley & Sons
Page : 308 pages
File Size : 42,9 Mb
Release : 2011-10-20
Category : Business & Economics
ISBN : 9781119978602
This book covers foreign exchange options from the point of view of the finance practitioner. It contains everything a quant or trader working in a bank or hedge fund would need to know about the mathematics of foreign exchange—not just the theoretical mathematics covered in other books but also comprehensive coverage of implementation, pricing and calibration. With content developed with input from traders and with examples using real-world data, this book introduces many of the more commonly requested products from FX options trading desks, together with the models that capture the risk characteristics necessary to price these products accurately. Crucially, this book describes the numerical methods required for calibration of these models – an area often neglected in the literature, which is nevertheless of paramount importance in practice. Thorough treatment is given in one unified text to the following features: Correct market conventions for FX volatility surface construction Adjustment for settlement and delayed delivery of options Pricing of vanillas and barrier options under the volatility smile Barrier bending for limiting barrier discontinuity risk near expiry Industry strength partial differential equations in one and several spatial variables using finite differences on nonuniform grids Fourier transform methods for pricing European options using characteristic functions Stochastic and local volatility models, and a mixed stochastic/local volatility model Three-factor long-dated FX model Numerical calibration techniques for all the models in this work The augmented state variable approach for pricing strongly path-dependent options using either partial differential equations or Monte Carlo simulation Connecting mathematically rigorous theory with practice, this is the essential guide to foreign exchange options in the context of the real financial marketplace.
Author : Mariusz Tamborski
Publisher : Unknown
Page : 40 pages
File Size : 52,6 Mb
Release : 1994
Category : Foreign exchange
ISBN : STANFORD:36105071863612
Author : Eliana Cardoso,Ahmed Galal
Publisher : American Univ in Cairo Press
Page : 362 pages
File Size : 40,6 Mb
Release : 2006-02-15
Category : Business & Economics
ISBN : 9771727591
Monetary Policy and Exchange Rate Regimes: Options for the Middle East examines some of the most pressing issues facing policymakers today. The authors offer answers to such questions as: Are the choices of exchange rate regime limited to hard fixing or fully floating? Are capital flight and banking crises avoidable? What is the best way to coordinate monetary and fiscal policies? The answers to these questions draw on the vast literature available on these topics as well as the lessons learned from recent crises, especially in East Asia and Latin America. Beside its broad coverage, this volume includes rich analyses on specific countries of the Middle East. It merits a wide readership, but policymakers seeking to achieve macroeconomic stability and growth will find it particularly useful.
Author : William L. Richards Jr. S.J.D.
Publisher : First Edition Design Pub.
Page : 140 pages
File Size : 48,8 Mb
Release : 2015-02-04
Category : Business & Economics
ISBN : 9781622878352
This text is designed to establish an understanding of the fundamentals of currency. It provides a cursory overview of the international Monetary System of which currency is the core. To enhance the readers’ foundation, the second phase of the text provides an explanation of how and why the International Monetary Fund was established. That formation is tracked from initial formation of a fixed par value to our modern day system of floating exchange rates. With those fundamentals established, a presentation is provided to enable the reader to entertain the basic functioning of currency in the context of a global setting; the functioning of domestic international markets and external-Eurocurrency markets. That function process introduces sovereign and credit risks that accompany currency in the International Monetary System. A brief but concise presentation is provided to the reader to explain the source of these risks and the reason. Lastly, currency in itself has taxable transaction features. In a global setting it necessitates recognition of a means to manage those risks inherent in global trade, external currency markets, and capital investment. These facets are explained and documented. Keywords: Currency, Eurocurrency, IMF, Gold, Credit Risk, Sovereign Risk, Taxation of Financial Instruments, International Monetary System.