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Showing 1 to 1 of 1 for “"Effiziente Märkte"”.
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The behavioral economics of foreign exchange markets - a psychological view on human expectation formation in foreign exchange markets
The development of free floating exchange rates can hardly be explained by macroeconomic fundamentals as supposed by traditional economic theories. Therefore, prominent economists yet conclude that there exists an ‘exchange rate disconnect puzzle’ (see Obstfeld and Rogoff [2000]). The observable …