𝔖 Bobbio Scriptorium
✦   LIBER   ✦

Book Reviews: The Economics of Exchange Rates

Book ID
110726280
Publisher
John Wiley and Sons
Year
2004
Tongue
English
Weight
106 KB
Volume
71
Category
Article
ISSN
0013-0427

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## Abstract One commonly observed feature of financial market volatility is the presence of asymmetry whereby shocks to the market do not generate equal responses. This phenomenon has been attributed to the leverage effect for stock markets. For exchange rates, asymmetry has also been documented wi