Grossmann, Axel; Orlov, Alexei G. - In: International Review of Economics & Finance 24 (2012) C, pp. 185-199
This research uses spectral methodology to study how the volatility of spot exchange rate misalignments changed as a result of signing of the Plaza Accord and introduction of the Euro. We study the deviations of Canadian Dollar/US Dollar, Japanese Yen/US Dollar and US Dollar/British Pound spot...