This paper tests the properties of the zloty-dollar exchange rate for the possible presence of unknown non-linearities. It concludes that there is strong evidence for the presence of an underlying non-linear process which is possibly chaotic. A non-linear model which allows for discrete switching be
Black market exchange rates in India: an empirical analysis
โ Scribed by Jalal U. Siddiki
- Publisher
- Springer-Verlag
- Year
- 2000
- Tongue
- English
- Weight
- 157 KB
- Volume
- 25
- Category
- Article
- ISSN
- 0377-7332
No coin nor oath required. For personal study only.
๐ SIMILAR VOLUMES
This paper reports evidence of non-linearities in the black-market exchange returns of the Bulgarian lev, Czechoslovak koruna, Hungarian forint, Polish zloty, Rumanian lei and Soviet ruble. Attempts to characterize that non-linearity using QGARCH and simultaneous BL-QGARCH models prove successful fo
## Abstract This paper develops a system of equations from a model that combines an intertemporal approach with nominal rigidities, and empirically examines for five foreign currencies if exchange rates overshoot. Exchange rate overshooting is considered as a country's idiosyncrasy that depends on