Explain all the approaches of Paul Samuelson
Explain all the approaches of Paul Samuelson.
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His approach to derivative pricing was through expectations, real as opposed to a lot later risk-neutral ones.
‘Can foreign exchange markets be analyzed in similar manner as the markets for ordinary physical commodities? Do demand slope downwards and supply slope upwards for currencies?’
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Foreign exchange rate: The Foreign exchange rate is a price of foreign currency in terms of domestic currency.
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