16: Foreign Exchange
Lec 16-1: FT: High frequency trading
Lec 16-2: Uncovered interest parity (UIP) and the expectations hypothesis of the term structure (EH)
Lec 16-3: FX dealers under the gold standard, redux
Lec 16-4: Private FX dealing system
Mehrling, “Essential Hybridity”
Lec 16-5: Economics of the dealer function, speculative dealer
Lec 16-6: Economics of the dealer function, matched-book dealer
Lec 16-7: Digression: Why do UIP and EH fail?
Lec 16-8: Central bank as FX dealer of last resort
Lec 16-9: Reading: McCauley on internationalization of renminbi