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Reserve (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru), and two non-CCA members, the Central Bank of the Republic …
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The paper presents results of empirical tests with hybrid nominal exchange rate models for the Brazilian foreign exchange market, using macroeconomic and market microstructure variables. The basic model was originally proposed and tested in the German (DM/US$) and the Japanese (¥/US$) foreign...
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