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Testing the Rationality of Exchange and Interest Rate Expectations: An Empirical Study of Australian Survey Based Expectations.

Kim, S.J. - School of Economics, Faculty of Arts and Social Sciences - 1996

This paper examines the rationality and optimality of the survey based expectations of Australian exchange rate and …

Persistent link: https://www.econbiz.de/10005618948

The Greek Debt Crisis: Likely Causes, Mechanics and Outcomes

Arghyrou, Michael; Tsoukalas, John - Economics Section, Cardiff Business School - 2010

participation; and (b) a double shift in markets. expectations, from a regime of credible commitment to future EMU participation …

Persistent link: https://www.econbiz.de/10008606489

The Greek Debt Crisis: Likely Causes, Mechanics and Outcomes

Arghyrou, Michael G.; Tsoukalas, John D. - CESifo - 2010

participation; and (b) a double shift in markets’ expectations, from a regime of credible commitment to future EMU participation …

Persistent link: https://www.econbiz.de/10008799726

Exchange Rate Policy and Prices Determination in Botswana.

Atta, J.K.; Jefferis, K.R.; Mannathoko, I.; Siwawa-Ndai, P. - African Economic Research Consortium - 1999

The dominent influence of South African goods on the Botswana CPI basket leads to the expectation that South African prices have a significant role in determining prices in Botswana. This paper examines Botswana's price and inflation relationships and their interaction.

Persistent link: https://www.econbiz.de/10005634299

Expectations and Exchange Rate Policy

Devereux, Michael B; Engel, Charles M - C.E.P.R. Discussion Papers - 2006

Both empirical evidence and theoretical discussion have long emphasized the impact of `news' on exchange rates. In most exchange rate models, the exchange rate acts as an asset price, and as such responds to news about future returns on assets. But the exchange rate also plays a role in...

Persistent link: https://www.econbiz.de/10005666551

Expectations and Information in Second Generation Currency Crises Models.

Sbracia, M.; Zaghini, A. - Banca d'Italia - 2000

We explore the role of expectations in second generation currency crisis models, proving that sudden shifts in … information game, mean-preserving changes in speculators' expectations may drive agents to a unique equilibrium with a self …

Persistent link: https://www.econbiz.de/10005671376

Devaluations and Depreciation Expectations in the E.M.S.

Ayuso, J.; Jurado, M.P. - 1995

Persistent link: https://www.econbiz.de/10005657295

Efficiency and Expectations Revisited: A Foreign Exchange Market with Bayesian Players

Christodoulakis, Nikos; Kalyvitis, Sarantis C; … - C.E.P.R. Discussion Papers - 1994

equations are reviewed and a model is developed that incorporates Bayesian revisions in the form of devaluation expectations. A …

Persistent link: https://www.econbiz.de/10005661525

Herding, A-synchronous Updating and Heterogeneity in Memory in a CBS

Diks, Cees; van der Weide, Roy - 2003

behavioralassumptions: (i) herd behaviour; (ii) a-synchronous updating ofbeliefs; and (iii) heterogeneity in time horizons (memory …,1$) innovations, and predicts a relation between the ARCH and GARCH coefficients. Heterogeneity in memory leads to long …

Persistent link: https://www.econbiz.de/10010324793

US shocks and global exchange rate configurations

Fratzscher, Marcel - 2007

The paper analyses the heterogeneity in the link between macroeconomic fundamentals and exchange rates. For a set of … exchange rate configurations over the past 25 years. Despite a significant decline over time, this heterogeneity remains high … effective US dollar exchange rate. The paper finds that this heterogeneity is not only due to policy choices of inflexible …

Persistent link: https://www.econbiz.de/10011604881