Exchange Rate Economics: By Lucio Sarno and Mark P. Taylor, Cambridge University Press, 2003

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Concepts of equilibrium exchange rates (2005, background): “This paper will not attempt to provide a comprehensive summary of these; see Frankel (1993), MacDonald and Taylor (1992) and Taylor (1995) for more extensive surveys, as well as Groen (2000) and Rapach and Wohar (2002).”
Information sources, news, and rumors in financial markets: Insights into the foreign exchange market (2004, background): “…of authors have observed that in contrast to the assumption of full and unbiased information processing, particularly in short-term movements of exchange rates, models based on economic fundamentals alone have not been successful (Flood & Taylor, 1996; Harvey, 1996; MacDonald & Taylor, 1992).”
Monetary Policy and Long-Horizon Uncovered Interest Parity (2004, background): “literature, MacDonald and Taylor (1992) observe that “...(various researchers) all report a result”
Order Flow and Exchange Rate Dynamics in Brazil (2004, background): “There are a number of surveys on the extant theories and models, which make it unnecessary to d iscuss these in d etail here (Eaton and Turnovsky, 1983; Macdonald and Taylor, 1992; Frankel and Rose, 1994; Isard, 1995; Taylor, 1995).”