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Details for article 185 of 194 found articles
| Title: |
The (UN-) stable relationship between the exchange rate and its fundamentals |
| Author: |
Altavilla, Carlo |
| Appeared in: |
Applied economics letters |
| Paging: | Volume 15 (2008) nr. 7 pages 539-544 |
| Year: |
2008-06 |
| Contents: |
This study investigates the relationship between the euro--dollar exchange rate and its underlying fundamentals by adopting nonlinear time series modelling. We found that this relationship is episodically unstable. We also found that an equilibrium-distorting shock is likely to have a greater effect on the exchange rate during periods when the deviation between exchange rate and fundamentals is large; as a consequence, when the exchange rate is close to its equilibrium value it tends to be less sensitive to any shocks in the fundamentals. |
| Publisher: |
Routledge |
| Source file: |
Elektronische Wetenschappelijke Tijdschriften |
Details for article 185 of 194 found articles
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