Format:
Online-Ressource (54 p)
Edition:
Online-Ausg.
ISBN:
1451948344
,
9781451948349
Series Statement:
IMF Working Papers Working Paper No. 90/102
Content:
This paper addresses several questions about the time series processes followed by dollar exchange rates. The stochastic process for exchange rates implied by structural models and the conditions under which they would be described by random walks are examined. Tests on the univariate time series for dollar exchange rates are undertaken to determine if there is evidence for departures from a random walk. Multivariate tests examine whether longer-run movements in the dollar are linked to those in other economic variables, and whether deviations from these long-run relationships contain information for predicting exchange rate movements
Additional Edition:
Erscheint auch als Druck-Ausgabe Adams, Charles Structural Models of the Dollar Washington, D.C. : International Monetary Fund, 1990 ISBN 9781451948349
Language:
English
DOI:
10.5089/9781451948349.001
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