This paper focuses on the effect of import protection on the response of the real exchange rate to capital flows. The central hypothesis is that barriers to imports blunt the expenditure and production shifting effects of changes in relative prices, and hence the ability of the real exchange...

This paper focuses on the effect of import protection on the response of the real exchange rate to capital flows. The central hypothesis is that barriers to imports blunt the expenditure and production shifting effects of changes in relative prices, and hence the ability of the real exchange...

This paper focuses on the role of technical analysis in signalling the timing of stock market entry and exit. Test statistics are introduced to test the performance of the most established of the trend followers, the Moving Average, and the most frequently used counter-trend indicator, the...

The failure of strict purchasing power parity to hold in the 1970s can be explained by the preponderance of the real shocks which involve large changes in sectoral relative prices. Previous work has attempted to measure these effects by using proxies for the prices of traded and nontraded goods....

This paper undertakes empirical tests of the ability of foreign exchange market participants to forecast the future value of the Australian dollar for one- and four-week horizons. A new set of survey data published in The Australian newspaper is used for this purpose. The accuracy of the...

This paper focuses on the role of technical analysis in signalling the timing of stock market entry and exit. Test statistics are introduced to test the performance of the most established of the trend followers, the Moving Average, and the most frequently used counter-trend indicator, the...

Brief analytical notes on the interactions between exchange rates and commodity prices. Gold and iron-ore are used as examples of the issues raised. The paper also presents a stylised model to determine the effects of exchange-rate changes on the internal and external prices of commodities. Also...