The microstructure approach to exchange rates
By: Richard K. Lyons.
Publisher: MIT Press
Published: 2001
Place of publication: Cambridge, Mass; London; MIT
Language: eng
Number of pages: 333
Subjects: Foreign exchange rates -- Mathematical models
Description: "Historically, the fields of exchange-rate economics and microstructure finance have progressed independently of each other. Recent interaction, however, has given rise to a microstructure approach to exchange rates. This book focuses on the economics of financial information and on how microstructure tools help to clarify the types of information most relevant to exchange rates.".

"The book shows how exchange-rate behavior previously thought to be particularly puzzling can be explained using the microstructure approach. It contains a combination of theoretical and empirical work."--BOOK JACKET.
Notes: Includes bibliographical references and index.