{"id":257,"date":"2019-01-15T16:11:19","date_gmt":"2019-01-15T21:11:19","guid":{"rendered":"https:\/\/sites.bu.edu\/perry\/?page_id=257"},"modified":"2019-01-17T16:00:56","modified_gmt":"2019-01-17T21:00:56","slug":"16-foreign-exchange","status":"publish","type":"page","link":"https:\/\/sites.bu.edu\/perry\/lectures\/mb-lectures\/section-2\/16-foreign-exchange\/","title":{"rendered":"16:  Foreign Exchange"},"content":{"rendered":"<p><strong><a href=\"\/perry\/files\/2019\/01\/Lec-16-Foreign-Exchange.pdf\" target=\"_blank\" rel=\"noopener\">Lecture PDF<\/a><\/strong><\/p>\n<p>Lec 16-1: FT: High frequency trading<\/p>\n<p><a href=\"http:\/\/www.ft.com\/intl\/cms\/s\/0\/74b82388-2d93-11e2-9b88-00144feabdc0.html#axzz2jA9m1Au1\"><span style=\"font-weight: 400;\">FT article link<\/span><\/a><br \/>\n<iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/aHh4yoeGOQ4\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>Lec 16-2: Uncovered interest parity (UIP) and the expectations hypothesis of the term structure (EH)<br \/>\n<iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/wnQGKtSg0r8\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>Lec 16-3: FX dealers under the gold standard, redux<br \/>\n<iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/yQf8Pey75b4\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>Lec 16-4: Private FX dealing system<\/p>\n<p><a href=\"https:\/\/d396qusza40orc.cloudfront.net\/money2\/Essential%20hybridity.pdf\"><span style=\"font-weight: 400;\">Mehrling, &#8220;Essential Hybridity&#8221;<\/span><\/a><\/p>\n<p><a href=\"https:\/\/d396qusza40orc.cloudfront.net\/money2\/Essential%20hybridity.pdf\"><iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/lQh9I8LEm0w\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/a><\/p>\n<p>Lec 16-5: Economics of the dealer function, speculative dealer<br \/>\n<iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/1yNnLIFnbVw\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>Lec 16-6: Economics of the dealer function, matched-book dealer<br \/>\n<iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/q6p_inIHGG8\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>Lec 16-7: Digression: Why do UIP and EH fail?<\/p>\n<p><a href=\"http:\/\/www.bis.org\/publ\/work267.htm\"><span style=\"font-weight: 400;\">BIS paper on breakdown of CIP<\/span><\/a><\/p>\n<p><a href=\"http:\/\/www.bis.org\/publ\/work267.htm\"><iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/tGWcH6wZljU\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/a><\/p>\n<p>Lec 16-8: Central bank as FX dealer of last resort<br \/>\n<iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/PTptQUV-t2A\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>Lec 16-9: Reading: McCauley on internationalization of renminbi<br \/>\n<iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/vIDHMEj49Rg\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lecture PDF Lec 16-1: FT: High frequency trading FT article link 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, &#8220;Essential Hybridity&#8221; Lec 16-5: Economics of the dealer function, speculative dealer Lec 16-6: [&hellip;]<\/p>\n","protected":false},"author":15799,"featured_media":0,"parent":249,"menu_order":4,"comment_status":"closed","ping_status":"closed","template":"","meta":[],"_links":{"self":[{"href":"https:\/\/sites.bu.edu\/perry\/wp-json\/wp\/v2\/pages\/257"}],"collection":[{"href":"https:\/\/sites.bu.edu\/perry\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/sites.bu.edu\/perry\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/sites.bu.edu\/perry\/wp-json\/wp\/v2\/users\/15799"}],"replies":[{"embeddable":true,"href":"https:\/\/sites.bu.edu\/perry\/wp-json\/wp\/v2\/comments?post=257"}],"version-history":[{"count":2,"href":"https:\/\/sites.bu.edu\/perry\/wp-json\/wp\/v2\/pages\/257\/revisions"}],"predecessor-version":[{"id":413,"href":"https:\/\/sites.bu.edu\/perry\/wp-json\/wp\/v2\/pages\/257\/revisions\/413"}],"up":[{"embeddable":true,"href":"https:\/\/sites.bu.edu\/perry\/wp-json\/wp\/v2\/pages\/249"}],"wp:attachment":[{"href":"https:\/\/sites.bu.edu\/perry\/wp-json\/wp\/v2\/media?parent=257"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}