Journal of Economic Literature, Volumen34,Temas1-2American Economic Association, 1996 |
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Página 479
... exchange rates against the pound , mark , yen , and Swiss franc , the authors are unable to reject the expectations hy- pothesis in the great majority of cases . The cur- rent spread between long- and short - dated vola- tility rates ...
... exchange rates against the pound , mark , yen , and Swiss franc , the authors are unable to reject the expectations hy- pothesis in the great majority of cases . The cur- rent spread between long- and short - dated vola- tility rates ...
Página 481
... Exchange Rate in the Presence of Transaction Costs : Implications for Tests of Purchasing Power Parity . J. Finance , September 1995 , 50 ( 4 ) , pp . 1309-19 . With transaction costs for trading goods , the nominal exchange rate moves ...
... Exchange Rate in the Presence of Transaction Costs : Implications for Tests of Purchasing Power Parity . J. Finance , September 1995 , 50 ( 4 ) , pp . 1309-19 . With transaction costs for trading goods , the nominal exchange rate moves ...
Página 1081
probability of exchange - rate realignment . This model nests alternatives with no devaluation risk ; with constant devaluation risk ; and the random walk . He rejects these three in favor of a stochas- tic realignment model where ...
probability of exchange - rate realignment . This model nests alternatives with no devaluation risk ; with constant devaluation risk ; and the random walk . He rejects these three in favor of a stochas- tic realignment model where ...
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