How can you profit from this Classic and revealing book on Forex? Could it be that few traders and investors are smart enough to see how books this old (written in 1915) can help them?
Written for the newbie to Forex, this book will allow you to get a quick and clear idea on the following:
If you are a seasoned Forex pro, then this book is not for you. This is for people with no (or little) technical Forex knowledge.
With this classic book revived in all its glory, now you have the chance to learn the story of the NYSE during its longest crisis and hopefully you will be one of the few elite that profits from the past.
This book extends recent theories of incomplete markets to investigate empirically the appropriate balance between the market and the state in the trade relations between developed and developing countries. The conclusion is that in an ideal world government intervention in foreign exchange and trade is necessary in developing countries in the early stages and inevitably decreases as development occurs. Rationing of foreign exchange prevents a 'soft currency distortion' that commonly afflicts developing countries and can turn comparative advantage trade into competitive devaluation trade, with severe losses of income and welfare. Yotopoulos finds that the level of underdevelopment narrowly circumscribes and conditions the extent to which free-market, free-trade, laissez-faire can be beneficial, contrary to the mainstream policy paradigm as currently applied. The analysis and tests draw on empirical research from seventy countries and four extended country studies to confirm the usefulness and validity of the theoretical framework.
This book analyzes key international monetary issues from a macro-foundations perspective. It proposes novel frameworks to interpret macroeconomic and financial linkages for globally integrated economies, examining global imbalances, exchange rates, interest rates, international capital flows, inflation, foreign and public debt.
Long before men awoke to the vision of America, the Old World was the scene of many stupendous migrations. One after another, the Goths, the Huns, the Saracens, the Turks, and the Tatars, by the sheer tidal force of their numbers threatened to engulf the ancient and medieval civilization of Europe. But neither in the motives prompting them nor in the effect they produced, nor yet in the magnitude of their numbers, will such migrations bear comparison with the great exodus of European peoples which in the course of three centuries has made the United States of America.
Forecasting exchange rates is a variable that preoccupies economists, businesses and governments, being more critical to more people than any other variable. In Exchange Rate Forecasting the author sets out to provide a concise survey of the techniques of forecasting - bringing together the various forecasting methods and applying them to the exchange rate in a highly accessible and readable manner. Highly practical in approach, the book provides an understanding of the techniques of forecasting with an emphasis on its applications and use in business decision-making, such as hedging, speculation, investment, financing and capital budgeting. In addition, the author also considers recent developments in the field, notably neural networks and chaos, again, with easy-to-understand explanations of these "rocket science" areas. The practical approach to forecasting is also reflected in the number of examples that pepper the text, whilst descriptions of some of the software packages that are used in practice to generate forecasts are also provided.
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