- Description
- About the Author
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This book collects my scholarly research on the behavior of foreign exchange rates conducted over the past twenty-five years. The collection includes papers that study the behavior of exchange rates from the traditional macroeconomic and newer microstructure perspectives. The former perspective considers the linkages between the macro economy and currency prices in an effort to understand the behavior of exchange rates over quarters, years and decades. By contrast, the microstructure perspective considers how the details of currency trading affect how macroeconomic information becomes embedded in currency prices, a process which drives exchange-rates over intraday horizons. The book also contains papers with a hybrid perspective that consider the details of currency trading and macroeconomic linkages in an effort to understand exchange-rate dynamics across all horizons.
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Martin Evans is Professor of Economics in Georgetown’s Department of Economics. Previously, he held faculty positions in the McDonough School of Business at Georgetown University and at New York University’s Stern School of Business. He has also been a visiting faculty member at the University of Michigan, the London School of Economics, and the Wharton School at the University of Pennsylvania as well as a visiting scholar at the Bank of England, Princeton University and the International Monetary Fund. Professor Evans has also provided expert advice on macroeconomics, finance and international policy to central banks, consulting firms, and international corporations.
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