The Microstructure Approach to Exchange Rates
2001 | pages: 346 | ISBN: 026212243X | PDF | 3,3 mb

Historically, the fields of exchange-rate economics and microstructure finance have progressed independently of each other. Recent interaction, however, has given rise to a microstructure approach to exchange rates. This book focuses on the economics of financial information and how microstructure tools help to clarify the types of information most relevant to exchange rates.