This paper analyses exchange rate series for Poland and Brazil. The Polish series, related to the period soon after the first liberalizing measures, presents a high volatility which is not accounted for by some selected 'fundamentals.' The Brazilian series, though also keeping evidence of...

This paper investigates the content of the information set used by the agents in the Warsaw Stock Exchange - WSE. Three “candidate variables” are examined — consumers’ prices, the zloty/US$ exchange rate and the refinancing rate of the National Bank of Poland — with respect to three...

This paper investigates the content of the information set used by the agents in the Warsaw Stock Exchange--WSE. Three "candidate variables" are examined--consumers' prices, the zloty/US$ exchange rate and the refinancing rate of the National Bank of Poland--with respect to three WSE stocks,...