An Exchange Rate Risk Experiment with Multiple Currencies

Autor/inn/en	Johnson, Paul; Staveley-O'Carroll, James
Titel	An Exchange Rate Risk Experiment with Multiple Currencies
Quelle	In: Journal of Economic Education, 51 (2020) 1, S.19-30 (12 Seiten)Infoseite zur Zeitschrift PDF als Volltext Verfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; online; Zeitschriftenaufsatz
ISSN	0022-0485
DOI	10.1080/00220485.2019.1687375
Schlagwörter	Economics Education; Undergraduate Students; Class Activities; Educational Experiments; Risk; Macroeconomics; Monetary Systems; Banking; College Instruction; Group Activities + Suchen Sie Ihr Suchwort? Wirtschaftskunde; Schulversuch; Risiko; Makroökonomie; Monetary system; Währungssystem; Bankgeschäft; Hochschullehre; Gruppenaktivität
Abstract	In this article, the authors describe a classroom experiment on exchange rates appropriate for undergraduate courses in macroeconomics, international economics, and money and banking. Student teams compete by managing virtual portfolios of six foreign currencies over a period of several weeks. Trading requires a few minutes in class. Students gain an understanding of currency movements, financial risk, and portfolio management. The experiment allows for a test of the efficient markets hypothesis. A single class spreadsheet is used to record the history of trades and portfolio balances, assist in formulation of team strategy, and provide the raw data for students to analyze their performance in an end-of-semester reflection paper. Sample outcomes from classes in money and banking and international economics are discussed. (As Provided).
Anmerkungen	Routledge. Available from: Taylor & Francis, Ltd. 530 Walnut Street Suite 850, Philadelphia, PA 19106. Tel: 800-354-1420; Tel: 215-625-8900; Fax: 215-207-0050; Web site: http://www.tandf.co.uk/journals
Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2024/1/01