Towards a model of speculation in the foreign exchange market

Abstract

The recent slowdown in global economic activity has shown that macroeconomic models without a well-structured representation of the financial sector will fail to provide understanding of the way that disruptions in credit markets, capital markets and banking can affect the rest of the economy. An investigation of foreign exchange speculation is used to get a better knowledge of the interaction between the financial sector and the economy as a step towards improving macroeconomic models and policy.

Date of Award	Dec 2013
Original language	English
Awarding Institution	University of Brighton