Foreign exchange market

Author: Goodhart
Publisher:
Publish Date: 2003-01-01
Features: This book is the result of research on high-frequency data in the foreign exchange market, jointly completed by Professor Charles A. E. Goodhart of the UK and other collaborators. Professor Goodhart is a major international authority on financial stability issues; it was his advice that helped Hong Kong navigate the 1983 financial crisis. He is also renowned for two laws he proposed in the field of international finance: the 48-hour rule and the Goodhart rule. As a major component of financial markets, the foreign exchange market is extremely important, but people lack an understanding of its operations. This book introduces high-frequency data into the foreign exchange market, drawing on the methods used in capital markets to study market characteristics by utilizing high-frequency data to determine the main factors affecting foreign exchange fluctuations. This is also the current frontier and development direction in the international research field of the foreign exchange market.