The endogeneity of exchange-rate regimes / Barry Eichengreen -- Exchange-rate behavior under alternative exchange-rate arrangements / Mark P. Taylor -- Panel : one money for how many? / Richard N. Cooper, Ronald I. McKinnon, Michael Mussa -- Exchange rates, prices, and external adjustment in the...

A new model for time-varying spatial dependencies is introduced. It forms an extension to the popular spatial lag model and can be estimated conveniently by maximum likelihood. The spatial dependence parameter is assumed to follow a generalized autoregressive score (GAS) process. The theoretical...