Fixing exchange rates: a virtual quest for fundamentals

Article Abstract:

The impact of exchange rate volatility in regimes of fixed and floating rates, usually found in Organization for Economic Cooperation and Development countries, is studied. Findings revealed that some macroeconomic factors for such countries radically changed in volatility and therefore, exchange rate models founded only on macroeconomic fundamentals cannot pass the test during times of tranquility. There is no empirical indication that decreasing exchange rate volatility endangers the stability of other macroeconomic variables.

Exchange Rates, Models, Economic aspects, Foreign exchange, Monetary policy, Organization for Economic Cooperation and Development

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Comment on: 'estimating the expected marginal rate of substitution.'

Article Abstract:

The methodology, which is proposed by Robert P. Flood and Andrew K. Rose to examine the impact of volatility of expected intertemporal marginal rate of substitution on stock markets, is examined.

College teachers, College faculty, Works, Marginal utility, Flood, Robert P., Rose, Andrew K.

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Estimating the expected marginal rate of substitution: a systematic exploitation of idiosyncratic risk

Article Abstract:

A methodology, which is proposed to examine the impact of volatility of expected intertemporal marginal rate of substitution on stock markets, is presented.

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