The Role of Fundamentalists and Technicians in Exchange Rate Determination

A model relating changes in the exchange rate to the activities of fundamentalists and technicians is specified and estimated. The results show that both types of traders play a role in exchange rate determination and that fundamentalists play a bigger role. The results of model selection tests reveal that models based on the activities of fundamentalists only or technicians only are misspecified.

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Year of publication:	2000
Authors:	Moosa, Moosa , Imad A. ; Korczak, Marta
Published in:	Economia Internazionale / International Economics. - Camera di Commercio di Genova. - Vol. 53.2000, 1, p. 97-106
Publisher:	Camera di Commercio di Genova

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Type of publication:	Article
Classification:	C52 - Model Evaluation and Testing ; F31 - Foreign Exchange ; G15 - International Financial Markets
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008479069