The Crisis in the Foreign Exchange Market

Mark Taylor and Michael Melvin

No 7472, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: We provide an overview of the important events of the recent global financial crisis and their implications for exchange rates and market dynamics. Our goal is to catalogue all that was truly of major importance in this episode. We also construct a quantitative measure of crises that allows for a comparison of the current crisis to earlier events. In addition, we address whether one could have predicted costly events before they happened in a manner that would have allowed market participants to moderate their risk exposures and yield better returns from currency speculation.

Keywords: Financial crisis; Foreign exchange market (search for similar items in EconPapers)
JEL-codes: F31 (search for similar items in EconPapers)
Date: 2009-09
New Economics Papers: this item is included in nep-cba, nep-ifn and nep-mon
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (173)

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Related works:
Journal Article: The crisis in the foreign exchange market (2009)
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