Exchange rates in the short run: The dollar-dentschemark rate
β Scribed by William H. Branson; Hannu Halttunen; Paul Masson
- Book ID
- 117098183
- Publisher
- Elsevier Science
- Year
- 1977
- Tongue
- English
- Weight
- 961 KB
- Volume
- 10
- Category
- Article
- ISSN
- 0014-2921
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π SIMILAR VOLUMES
## ABSTRACT We examine consistency properties of the exchange rate expectation formation process of shortβrun and longβrun forecasts in the dollar/euro and yen/dollar market. Applying nonlinear consistency restrictions we show that in a simple expectation formation structure shortβrun forecasts are
The reduction in growth in the Thai economy, evident at the end of fiscal 1996, looks set to continue well into 1997. While the economy is stable, it is not showing any signs of recovery and the slowing has yet to bottom out. The rate of decline recorded at the end of last year was far more signifi