Feldkircher, Martin; Horvath, Roman; Rusnak, Marek - In: Journal of International Money and Finance 40 (2014) C, pp. 21-41
In this paper, we examine whether pre-crisis leading indicators help explain pressures on the exchange rate (and its volatility) during the global financial crisis. We use a unique data set that covers 149 countries and 58 indicators, and estimation techniques that are robust to model...