International Finance, Lévy Distributions, and the Econophysics of Exchange Rates

Sergio Da Silva, Federal University of Santa Catarina
Raul Matsushita, University of Brasilia
Iram Gleria, Federal University of Alagoas
Annibal Figueiredo, University of Brasilia
Pushpa Rathie, University of Brasilia

Abstract

This paper surveys the developments in the field of international finance, in particular the research of economists on foreign exchange rates. That might be of interest to physicists working on the econophysics of exchange rates. We show how the econophysics agenda might follow naturally from the economists' research. We also present our own work on the econophysics of exchange rates.