|
|
Article: Exchange-rate models.
- Article from:
- NBER Reporter
- Article date:
- September 22, 2006
- Author:
CopyrightCOPYRIGHT 2006 National Bureau of Economic Research, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Recent research that my co-authors and I have undertaken, as well as related research by other NBER researchers, suggests that theoretical models of foreign exchange rates are "not as bad as you think." Since the 1970s, models have emphasized the role of exchange rates as asset prices. The new work, looking at present-value models of exchange rates, highlights the role of expectations in determining exchange rate movements. In this article, I briefly summarize some of the work that I have been involved with, along with a few related papers by other researchers. I also report on some research that has drawn the implications of this new work on exchange rates for ...
Related newspaper, magazine, and journal articles:
|
|
Article: Commercially available order flow data and exchange ...
Journal of Money, Credit & Banking;
June 1, 2008 ;
700+ words
... ... observed between these data and exchange rate movements. The strength of ... with confidence contemporaneous exchange rate volatility, is particularly ... traditional, fundamental-based exchange rate models during the post-Bretton Woods ...
|
|