ABSTRACT
The model that is emerging from the analysis of events and economic data does not appear to belong explicitly to an economic theory, which comprises various aspects of expectation formation theory, but it certainly appears familiar to scholars of communication theory. The modus operandi of the foreign exchange markets represents the meeting point of economic theory, financial theory and behavioural models in which the theory of communications plays an important role. The identification of selection criteria for the events that are relevant to a systematic explanation of exchange rate fluctuation has been a laborious trial-and-error process. The very structure of Newsmetrics is a model to identify criteria for assembling a database of events that are relevant to explain exchange rate fluctuations for other currencies, in different contexts and different time periods. The chapter presents some closing thoughts on the key concepts discussed in the preceding chapters of this book.
