Following the collapse of the socialist system,
foreign exchange markets in most post-transition
economies have experienced periods of turbulence and
instability. These developments have increased the
interest of the public and policymakers to identify
the key factors driving risks in the foreign exchange
markets. Although there are numerous studies
analyzing determinants of foreign exchange risks in
the context of developed economies, the issue remains
to be relatively unexplored in the context of
emerging markets. The aim of this book is to fill
this gap in the literature and to provide systematic
empirical evidence on the factors driving foreign
exchange risks in post-transition countries.
Application of modern empirical techniques to unique
data allows us to expand our understanding of the
origins of foreign exchange risks in countries with
underdeveloped financial markets. The book should be
especially useful for academic community and
policymakers in post-transition economies, foreign
exchange traders and international investors
expanding their activities to post-transition
economies, or anyone else interested in analyzing
foreign exchange markets.
foreign exchange markets in most post-transition
economies have experienced periods of turbulence and
instability. These developments have increased the
interest of the public and policymakers to identify
the key factors driving risks in the foreign exchange
markets. Although there are numerous studies
analyzing determinants of foreign exchange risks in
the context of developed economies, the issue remains
to be relatively unexplored in the context of
emerging markets. The aim of this book is to fill
this gap in the literature and to provide systematic
empirical evidence on the factors driving foreign
exchange risks in post-transition countries.
Application of modern empirical techniques to unique
data allows us to expand our understanding of the
origins of foreign exchange risks in countries with
underdeveloped financial markets. The book should be
especially useful for academic community and
policymakers in post-transition economies, foreign
exchange traders and international investors
expanding their activities to post-transition
economies, or anyone else interested in analyzing
foreign exchange markets.