Mokoena, Thabo M; Gupta, Rangan; Eyden, Renee van - In: The IUP Journal of Monetary Economics VIII (2010) 1 & 2, pp. 77-112
This paper presents a comprehensive literature review of the theoretical and empirical developments that have taken place over the last two decades in an attempt to address the exchange rate puzzles. Specifically, it discusses the nonlinear and Bayesian econometric techniques, dynamic general...