The crisis in the foreign exchange market

Michael Melvin and Mark Taylor

Journal of International Money and Finance, 2009, vol. 28, issue 8, 1317-1330

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)
Date: 2009
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Citations: View citations in EconPapers (170)

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Related works:
Working Paper: The Crisis in the Foreign Exchange Market (2009)
Working Paper: The Crisis in the Foreign Exchange Market (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jimfin:v:28:y:2009:i:8:p:1317-1330

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