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Persistent link: https://www.econbiz.de/10011292520
This study employs the bootstrap method to explore the evolution of the Chinese yuan. We use the following three random walks to characterize the evolution of the yuan: an IID-parameterized random walk, an ARCH(3)-parameterized random walk, and a GARCH(1,1)-parameterized random walk. To proceed,...
Persistent link: https://www.econbiz.de/10012863757