The crisis in the foreign exchange market

被引：139

作者：

Melvin, Michael ^{[1
]}

Taylor, Mark P. ^{[2
,3
,4
]}

机构：

[1] Barclays Global Investors, San Francisco, CA 94105 USA

[2] Barclays Global Investors, London EC3N 4HH, England

[3] Univ Warwick, Coventry CV4 7AL, W Midlands, England

[4] Ctr Econ Policy Res, London EC1V ODG, England

来源：

JOURNAL OF INTERNATIONAL MONEY AND FINANCE | 2009年 / 28卷 / 08期

关键词：

Financial crisis; Foreign exchange market;

D O I：

10.1016/j.jimonfin.2009.08.006

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

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. (C) 2009 Elsevier Ltd. All rights reserved.

引用

页码：1317 / 1330

页数：14

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