1st Edition
Foreign Exchange Rates A Research Overview of the Latest Prediction Techniques
By Arif Orçun Söylemez
Copyright 2021
82 Pages
11 B/W Illustrations
by
Routledge
82 Pages
11 B/W Illustrations
by
Routledge
82 Pages
11 B/W Illustrations
by
Routledge
Also available as eBook on:
Predicting foreign exchange rates has presented a long-standing challenge for economists. However, the recent advances in computational techniques, statistical methods, newer datasets on emerging market currencies, etc., offer some hope. While we are still unable to beat a driftless random walk model, there has been serious progress in the field. This book provides an in-depth assessment of the... Read more
1. A brief introduction of the global foreign exchange market
2. Prominent structural models for exchange rate determination
3. Nonlinearity of the exchange rates
4. Causes of nonlinearity of the exchange rates
5. Machine learning
6. Comparing the predictive powers of models
7. Should we focus on sign estimations rather than point estimations?
8. Final remarks
Biography
Arif Orçun Söylemez is Associate Professor at the Economics Department of Marmara University, Istanbul, Turkey.
