Building a Simulation Model of Foreign Exchange Market: Reproduction of Yen Dollar Market
نویسندگان
چکیده
The purpose of this study is to make a basic Foreign Exchange Market Model. It is important to make a simple basic model at first to understand the complex emergence of exchange rate which is caused by various factors. The model is a multiagent-based model, consisting of dealer and speculator. Both agents’ action relies on market trend and their personality, either trend follower/ Contrarian. In this paper, the simulation experiments are done by changing the ratio of Trend Follower and Contrarian. As a result, the complex fluctuation of exchange rate can be observed. The validity of this model is evaluated by the effect between the size of fluctuation and probability.
منابع مشابه
The Proposed Mathematical Models For Decision- Making And Forecasting On Euro- Yen In Foreign Exchange Market
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