A threshold model for the French franc/d
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David Chappell; Joanne Padmore; Priti Mistry; Catherine Ellis
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Article
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1996
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John Wiley and Sons
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English
โ 562 KB
The behaviour of the French franc/deutschmark exchange rate is examined in this paper. During the time period studied, these currencies were constrained to lie within prescribed bands relative to one another and the usual random walk explanation of the exchange rate may not be appropriate. The data