Search Results - subject:"Bounded Process"

A Quasi-Bounded Target Zone Model - Theory and Application to Hong Kong Dollar

Lo, C. F.; Hui, C. H.; Chu, S. W.; Fong, T. - Hong Kong Institute for Monetary Research (HKIMR), … - 2012

proposes a quasi-bounded process for exchange rate dynamics within a target zone, consistent with a fully credible exchange …

Persistent link: https://www.econbiz.de/10010659040

Swiss franc's one-sided target zone during 2011-2015

Hui, Cho H.; Lo, Chi-Fai; Fong, Tom - In: International review of economics & finance : IREF 44 (2016), pp. 54-67

Persistent link: https://www.econbiz.de/10011626007

Is the Hong Kong Dollar Exchange Rate "Bounded" in the Convertibility Zone?

Hui, Cho-Hoi; Fong, Tom - Hong Kong Monetary Authority - 2007

May 2005 the Hong Kong dollar follows a bounded process that is consistent with a fully credible exchange rate band. The … bounded process will limit the movements of the exchange rate to between the strong- and weak-side limits because its variance …

Persistent link: https://www.econbiz.de/10005736324

GLS-based unit root tests for bounded processes

Carrion-i-Silvestre, Josep Lluís; Gadea, María Dolores - In: Economics Letters 120 (2013) 2, pp. 184-187

We show that the use of generalized least squares (GLS-)detrending procedures with bound-specific non-centrality parameter leads to important empirical power gains compared to using the ordinary least squares (OLS-)detrending method when testing the null hypothesis of unit root for bounded...

Persistent link: https://www.econbiz.de/10011041707

GLS-based unit root tests for bounded processes

Carrion i Silvestre, Josep Lluís; Gadea, María Dolores - In: Economics letters 120 (2013) 2, pp. 184-187

Persistent link: https://www.econbiz.de/10010127794