A Comparison of the Theories of Exchange Rates and AI Implications

A special issue of Journal of Risk and Financial Management (ISSN 1911-8074). This special issue belongs to the section "Financial Markets".

Deadline for manuscript submissions: 26 June 2026 | Viewed by 76

Special Issue Editors


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Guest Editor
Faculty of Economics and Business, William Paterson University, Wayne, NJ 07470, USA
Interests: exchange rates; international finance; hedging foreign exposure by multinational companies; investments internationally; international capital budgeting
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Guest Editor
Department of Economics, Finance and Global Business, Cotsakos College of Business, William Paterson University, Wayne, NJ 07470, USA
Interests: urban and regional economics; international finance

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Guest Editor
Department of Accounting and Finance, School of Administrative, Economics and Social Sciences, University of West Attica, 122 41 Athens, Greece
Interests: applied economics and finance; international economics and finance; philosophy in economics and finance
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Guest Editor
Department of Economics, Finance and Global Business, Cotsakos College of Business, William Paterson University, Wayne, NJ 07470, USA
Interests: financial institutions and international finance

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Guest Editor
Department of Economics and Finance, College of Business, Texas A&M University-Commerce, Commerce, TX 75429, USA
Interests: asymmetry; nonlinearity; exchange rate volatility; currency appreciation; currency depreciation; trade flows and trade balance
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Special Issue Information

Dear Colleagues,

This Special Issue will present papers exploring different views on the matter of exchange rates. It will compare and contrast efficiency with technical approaches, as well as fundamental approaches. The fundamental theory includes three sub-theories, namely the traditional/Keynesian, international Fisher, and Monetary approaches. Studies will be included that examine the aforementioned diverse theories. The literature shows that the determination of exchange rates deviates from the determination of stock prices. Namely, the preponderance of the evidence for stock price determination indicates that there is efficiency in it. In contrast, the evidence for exchange rate determination is mixed. Thus, there is some evidence that there is inefficiency in the case of exchange rate determination. We aim to include studies that will examine this issue and give evidence for it. Indirectly, then, the technical theory of exchange rate determination has some attraction; the fundamental theory of exchange rate determination also has merit. The reason for this is that the efficiency view is challenged. Most importantly, we want to examine how artificial intelligence has affected or will affect the above theories: will it radically alter them, or will it supplement them?

Dr. John Malindretos
Dr. Alexandros Panayides
Prof. Dr. Theodoros Stamatopoulos
Dr. Demetri Tsanacas
Dr. Augustine Chuck Arize
Guest Editors

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Keywords

  • exchange rates
  • foreign exchange
  • money
  • monetary policy
  • fiscal policy
  • efficiency
  • technical
  • interest parity theory
  • international Fisher effect
  • asset view of exchange rate determination
  • monetary approach to exchange rate determination
  • traditional/Keynesian approach to exchange rate determination

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Published Papers

This special issue is now open for submission.
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