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Bridge over ocean
1 April 1993 Research Foundation

Active Currency Management

  1. Murali Ramaswami

The system of floating exchange rates has increased uncertainty in the foreign exchange network.

Active Currency Management View the full book (PDF)

The system of floating exchange rates has increased uncertainty in the foreign exchange network. This monograph concludes that the currency markets are largely "efficient" but that significant nonlinear dependencies in current returns can point to profitable trading strategies.