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Persistent link: https://www.econbiz.de/10008659913
Persistent link: https://www.econbiz.de/10009374618
Standard models-based exclusively on macro-financial variables-have made little progress in explaining the behavior of exchange rates. In this paper, we introduce a neglected set of 'soft power' factors capturing a country's demographic, institutional, political and social underpinnings to...
Persistent link: https://www.econbiz.de/10011281975
In this paper, we investigate the long run dynamics of the intraday range of the GBP/USD, JPY/USD and CHF/USD exchange rates. We use a non-parametric filter to extract the low frequency component of the intraday range, and model the cyclical deviation of the range from the long run trend as a...
Persistent link: https://www.econbiz.de/10013114842
Standard models - based exclusively on macro-financial variables - have made little progress in explaining the behavior of exchange rates. In this paper, we introduce a neglected set of “soft power” factors capturing a country's demographic, institutional, political and social underpinnings...
Persistent link: https://www.econbiz.de/10013024431
Persistent link: https://www.econbiz.de/10011811357
In this paper, we investigate the long run dynamics of the intraday range of the GBP/USD, JPY/USD and CHF/USD exchange rates. We use a non-parametric filter to extract the low frequency component of the intraday range, and model the cyclical deviation of the range from the long run trend as a...
Persistent link: https://www.econbiz.de/10013143592