Tronzano, Marco - In: Economia Internazionale / International Economics 61 (2008) 2-3, pp. 569-596
examines the volatility of the U$/Euro exchange rate during the period 1999-2005. According to our estimates, the degree of volatility persistence, although statistically significant, is rather low; moreover, there is no evidence of an asymmetric response of predictable volatility to past...