Showing 1 - 10 of 192
Persistent link: https://www.econbiz.de/10001814395
Persistent link: https://www.econbiz.de/10001754209
Persistent link: https://www.econbiz.de/10001670222
Persistent link: https://www.econbiz.de/10001670224
Persistent link: https://www.econbiz.de/10001676536
Persistent link: https://www.econbiz.de/10001645260
Persistent link: https://www.econbiz.de/10002436620
A large literature suggests that standard exchange rate models cannot outperform a random walk forecast and that the forward rate is not an optimal predictor of the spot rate. However, there is evidence that the term structure of forward premia contains valuable information for forecasting...
Persistent link: https://www.econbiz.de/10013220936
Persistent link: https://www.econbiz.de/10013423845
This paper provides a selective overview of nonlinear exchange rate models recently proposed in the literature and assesses their contribution to understanding exchange rate behavior. Two key questions are examined. The first question is whether nonlinear autoregressive models of real exchange...
Persistent link: https://www.econbiz.de/10014403852