Showing 1 - 10 of 40
The classical theory about foreign exchange rate explains its fluctuations as the resulting of a random walk motion. In this paper, such a theory is put into question by performing Brock, Dechert and Scheinkman's (1987) test on the Austrian Schilling - US Dollars exchange rate for the period...
Persistent link: https://www.econbiz.de/10009711654
Persistent link: https://www.econbiz.de/10011508943
Persistent link: https://www.econbiz.de/10011762629
Persistent link: https://www.econbiz.de/10011632570
Persistent link: https://www.econbiz.de/10002622794
Persistent link: https://www.econbiz.de/10002536923
Persistent link: https://www.econbiz.de/10002478940
This study investigates exchange rate movements in the Exchange Rate Mechanism (ERM) of the European Monetary System (EMS) and in the Exchange Rate Mechanism II (ERM-II). On the basis of the variant of the target zone model proposed by Bartolini and Prati (1999) and Bessec (2003), we set up a...
Persistent link: https://www.econbiz.de/10003090269
Persistent link: https://www.econbiz.de/10002749117