world data demand a statistical technique that allows parameters and regimes to shift frequently. Accordingly we here take …

world data demand a statistical technique that allows parameters and regimes to shift frequently. Accordingly we here take …

. We find that real world data demand a statistical technique that allows parameters and regimes to shift frequently …

the system was supposed to have in theory. We conclude that the foreign exchange market is characterized by high … from the equilibrium level dictated by fundamentals, contrary to theory. We then look at ten proposed alternatives to the …, McKinnon "world monetarism," and a "Hosomi Fund." Two propose enhanced independence: a "Tobin tax" on transactions, and a dual …