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Three essays on exchange-rate misalignment

Joy, Mark (2011) Three essays on exchange-rate misalignment. PhD thesis, University of Glasgow.

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Abstract

Theories of exchange-rate determination have generated a vast theoretical and empirical literature. This thesis adds to that body of literature by asking three questions. (i) How do policymakers respond to exchange-rate misalignment? (ii) How does misalignment affect the decisions of financial-market participants? (iii) What do exchange-rate dynamics reveal about the choices of investors in the face of currency risk? These three questions are tackled with studies that offer broad and tractable conclusions and contribute to furthering the current field of research.

Item Type: Thesis (PhD)
Qualification Level: Doctoral
Keywords: Exchange rates, misalignment, correlation, reaction functions, intervention, debt denomination, hedging
Subjects: H Social Sciences > HG Finance
H Social Sciences > H Social Sciences (General)
Colleges/Schools: College of Social Sciences > Adam Smith Business School > Economics
Supervisor's Name: MacDonald, Professor Ronald
Date of Award: 2011
Depositing User: Mr Mark Joy
Unique ID: glathesis:2011-2601
Copyright: Copyright of this thesis is held by the author.
Date Deposited: 20 May 2011
Last Modified: 10 Dec 2012 13:57
URI: http://theses.gla.ac.uk/id/eprint/2601

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