Silva, Sergio Da; Figueiredo, Annibal; Gleria, Iram; … - In: Economics Bulletin 7 (2003) 2, pp. 1-13
Price changes of the Chinese yuan/US dollar rate are found to display a Sierpinski triangle in an Iterative Function System clumpiness test. This fractal structure commonly emerges in “the chaos gameâ€, where randomness coexists with deterministic rules. We show that a threshold model...