Exchange Rate Modelling

Are foreign exchange markets efficient? Are fundamentals important for predicting exchange rate movements? What is the signal—to—ratio of high frequency exchange rate changes? Is it possible to define a measure of the equilibrium exchange rate that is useful from an assessment perspective?
The book is a selective survey of current thinking on key topics in exchange rate economics, supplemented throughout by new empirical evidence. The focus is on the use of advanced econometric tools to fi...