Understanding exchange rate volatility without the contrivance of macroeconomics
Article Abstract:
Flexible exchange rates differ from fixed exchange rates in ways which cannot be explained through the use of macroeconomic models. A simple non-linear model rather than a linear macroeconomic model was used to assist in understanding foreign exchange rate volatility. This model provided numerous equilibria and focused on endogenous market structure changes.
Publication Name: Economic Journal
Subject: Economics
ISSN: 0013-0133
Year: 1999
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Exchange rate behaviour: are fundamentals important?
Article Abstract:
Economic fundamentals are important in determining the performance of foreign exchange rate models. Forecasting exchange rates can be done in as short a time period as 30 days and it is as relevant as longer range predictions.
Publication Name: Economic Journal
Subject: Economics
ISSN: 0013-0133
Year: 1999
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