For the major foreign exchange rates, it is found that the optimal modelling frequency of volatility is weekly for forecast horizons ranging from 1 week up to 1 month. Autoregressive modelling is based on realized volatility measures computed from 30 min returns

This chapter assesses the feasibility of monetary union in other parts of the world, other than Europe. The major issues examined in relation to forming a monetary union are national sovereignty, seigniorage revenues, uneven economic growth and stability of currency unions. Dollarization is...