Narrow search
Showing 1 - 10 of 15
Cover Image
Exchange rate dynamics : where is the saddle path?
Cheung, Yin-Wong; Gardeazabal, Javier; Vázquez, Jesús - 2004
Persistent link: https://www.econbiz.de/10011402689
Cover Image
Sectoral trends and cycles in Germany
Cheung, Yin-Wong; Westermann, Frank - 2001
, the adjusted data offer a weaker evidence on the cointegration relationship between a) the sectoral output indexes, b …
Persistent link: https://www.econbiz.de/10011398919
Cover Image
Exchange rates and Markov switching dynamics
Cheung, Yin-Wong (contributor);  … - 2004
This article presents a systematic and extensive empirical study on the presence of Markov switching dynamics in three dollar-based exchange rates. A Monte Carlo approach is adopted to circumvent the statistical inference problem inherent to the test of regime-switching behavior. Two data...
Persistent link: https://www.econbiz.de/10002521681
Cover Image
Exchange rate dynamics : where is the saddle path?
Cheung, Yin-Wong; Gardeazabal, Javier; Vázquez, Jesús - 2004
related overshooting behavior. Using a bivariate system, the paper illustrates the relationship of the cointegration, saddle … saddle-path behavior from cointegration dynamics. Using monthly data from five major industrial countries, we find that … exchange rates and prices are cointegrated. The cointegration result casts doubt on the use of saddle-path dynamics and the …
Persistent link: https://www.econbiz.de/10001914194
Cover Image
Exchange Rate Dynamics : Where is the Saddle Path?
Cheung, Yin-Wong; Gardeazabal, Javier; Vázquez, Jesús - 2021
related overshooting behavior. Using a bivariate system, the paper illustrates the relationship of the cointegration, saddle … saddle-path behavior from cointegration dynamics. Using monthly data from five major industrial countries, we find that … exchange rates and prices are cointegrated. The cointegration result casts doubt on the use of saddle-path dynamics and the …
Persistent link: https://www.econbiz.de/10013319467
Cover Image
Sectoral Trends and Cycles in Germany
Cheung, Yin-Wong; Westermann, Frank - 2021
, the adjusted data offer a weaker evidence on the cointegration relationship between a) the sectoral output indexes, b …
Persistent link: https://www.econbiz.de/10013320888
Cover Image
Equity price dynamics before and after the introduction of the euro : a note
Cheung, Yin-Wong; Westermann, Frank - 2001
volatility and the persistence of the German stock index have fallen significantly relative to those of the U.S. index. However …
Persistent link: https://www.econbiz.de/10011397990
Cover Image
Equity Price Dynamics Before and after the Introduction of the Euro : A Note
Cheung, Yin-Wong - 2016
volatility and the persistence of the German stock index have fallen significantly relative to those of the U.S. index. However …
Persistent link: https://www.econbiz.de/10013004307
Cover Image
Equity price dynamics before and after the introduction of the Euro : a note
Cheung, Yin-Wong; Westermann, Frank - 2001
volatility and the persistence of the German stock index have fallen significantly relative to those of the U.S. index. However …
Persistent link: https://www.econbiz.de/10010440968
Cover Image
An empirical model of daily highs and lows
Cheung, Yin-Wong (contributor) - 2006
We construct an empirical model for daily highs and daily lows of US stock indexes based on the intuition that highs and lows do not drift apart over time. Our empirical results show that daily highs and lows of three main US stock price indexes are cointegrated. Data on openings, closings, and...
Persistent link: https://www.econbiz.de/10003301373