Showing 1 - 6 of 6
Persistent link: https://www.econbiz.de/10001687945
Persistent link: https://www.econbiz.de/10011402689
A strand of exchange rate models postulate exchange rate fluctuations are driven by saddle-path dynamics and the related overshooting behavior. Using a bivariate system, the paper illustrates the relationship of the cointegration, saddle-path, and stationarity dynamics. Monte Carlo results...
Persistent link: https://www.econbiz.de/10001914194
A strand of exchange rate models postulate exchange rate fluctuations are driven by saddle-path dynamics and the related overshooting behavior. Using a bivariate system, the paper illustrates the relationship of the cointegration, saddle-path, and stationarity dynamics. Monte Carlo results...
Persistent link: https://www.econbiz.de/10013319467
Persistent link: https://www.econbiz.de/10011575104
Persistent link: https://www.econbiz.de/10012101536