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Paperback Empirical Modeling of Exchange Rate Dynamics Book
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ISBN: 3540189661

ISBN13: 9783540189664

Empirical Modeling of Exchange Rate Dynamics

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Format: Paperback

Condition: New

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Book Overview

Structural exchange rate modeling has proven extremely difficult during the recent post-1973 float. The disappointment climaxed with the papers of Meese and Rogoff (1983a, 1983b), who showed that a "naive" random walk model distinctly dominated received theoretical models in terms of predictive performance for the major dollar spot rates. One purpose of this monograph is to seek the reasons for this failure by exploring the temporal behavior of seven...

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