Hsing, Yu; Sergi, Bruno S. - In: International Journal of Monetary Economics and Finance 2 (2009) 2, pp. 91-102
This paper studies the behaviour of the CZK/USD exchange rate based on four major models. Using the Mean Absolute Percent Error (MAPE) as a criterion, the IS-MP model performs best, followed by the monetary model, the Purchasing Power Parity (PPP) model using the relative Producer Price Index...
