From: John Conover <john@email.johncon.com>
Subject: Re: Quantitative Analysis of Non-Linear High Entropy Economic Systems III
Date: Wed, 08 Jan 2003 17:48:38 -0800
I had a request to to do an example of how the dynamics of
currency exchange rates are analyzed in the context of hedges
and derivatives. It was added to the end of Section III, and
uses the Yen/DollarUS, (1981-present, daily closes,) as the
example data set.
John
BTW, derivatives are the World's largest business-by far. In
2000, derivatives of just under $100 trillion in notional value
were issued throughout the World. Roughly, the derivatives and
currency exchange markets trade about $1.5 trillion per
day-about what the US equity markets do in a calendar quarter.
http://www.johncon.com/john/correspondence/020218165107.2891.html#example-yen-dollar
--
John Conover, john@email.johncon.com, http://www.johncon.com/