Dufrénot, Gilles; Lardic, Sandrine; Mathieu, Laurent; … - In: Journal of International Financial Markets, … 18 (2008) 3, pp. 207-215
The standard macroeconomic view links the equilibrium level of foreign exchange rates to the state of the macroeconomic fundamentals. Any deviation from the equilibrium level is viewed as temporary since there are forces ensuring quickly mean-reverting dynamics. The aim of this article is to...