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|