Empirical Properties of the Black Market
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Michael Funke; Stephen Hall; Martin Sola
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Article
📅
1997
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John Wiley and Sons
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English
⚖ 113 KB
👁 1 views
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