Author: Paul De Grauwe
Publisher: Princeton University Press (April 2, 2006)
Average Rating: 4.0 star
The Exchange Rate in a Behavioral Finance Framework is a book by Paul De Grauwe and has been co authored by Marianna Grimaldi. It provides an unconventional, interesting, and very different view on the foreign exchange markets and how things work in different scenarios. The foundation of the model which the authors have come up with is trial and error. It may seem like a relatively random and uncertain approach but has proven to be the most profitable in a market where nothing can be predicted.
Paul De Grauwe, the author of the book, is a Belgian economist and professor at the London School of Economics and Political Science where he teaches European Political Economy. He is a respectable and knowledgeable and has expressed his alternate approach to foreign exchange markets in an apt, detailed, and well written words.
The book is not targeted towards beginners and requires the reader to have a fair amount of knowledge in the subject. Anyone who is interested in a behavioral approach towards finances, including academics, should read this book. It is interesting and highly educational and great for anyone who wants to learn more on the subject.