The exchange rate in a behavioral finance framework / Paul De Grauwe, Marianna Grimaldi.

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Published: Princeton, N.J. : Princeton University Press, c2006.
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Summary:"This book provides an alternative view of the workings of foreign exchange markets." "The author's modeling approach is based on the idea that agents use simple forecasting rules and switch to those rules that have been shown to be the most profitable in the past. This selection mechanism is based on trial and error and is probably the best possible strategy in a very uncertain world, the authors contend. It creates a rich dynamic in the foreign exchange markets and can generate bubbles and crashes."--BOOK JACKET.
Physical Description:x, 200 p. : ill. ; 24 cm.
Notes:Bib#: 1138902
Bibliography:Includes bibliographical references (p. [191]-196) and index.
ISBN:9780691121635 (hbk.)
069112163X (hbk.)