THE EXPECTED EXCHANGE RATE AND THE EFFECTS OF INTERVENTION, SENSITIVITY OF SPECULATION, AND CAPITAL MOBILITY

It is widely recognized that expectations of future events have significant impact on exchange rates movements. The role of expectations in exchange rate movements can be considered as a source of exchange rate estimation error. In a sense it is a pity that the majority of empirical evidence on the exchange rate fluctuation clearly negates the validity of such models that are more sophisticated and comprehensive.

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Year of publication:	1987
Authors:	Akiba, Hiroya
Published in:	Studies in Economics and Finance. - MCB UP Ltd, ISSN 1755-6791, ZDB-ID 2070355-7. - Vol. 11.1987, 1, p. 29-48
Publisher:	MCB UP Ltd

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Type of publication:	Article
Type of publication (narrower categories):	review-article
Language:	English
Other identifiers:	10.1108/eb028673 [DOI]
Source:	Other ZBW resources

Persistent link: https://www.econbiz.de/10015013762