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Idiosyncratic risk matters! A regime switching approach

✍ Scribed by Timotheos Angelidis; Nikolaos Tessaromatis


Book ID
113664263
Publisher
Elsevier Science
Year
2009
Tongue
English
Weight
476 KB
Volume
18
Category
Article
ISSN
1059-0560

No coin nor oath required. For personal study only.


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Switching between chartists and fundamen
✍ Robert Vigfusson πŸ“‚ Article πŸ“… 1997 πŸ› John Wiley and Sons 🌐 English βš– 329 KB

Since the early 1980s, models based on economic fundamentals have been poor at explaining the movements in the exchange rate (Messe, 1990). In response to this problem, Frankel and Froot (1988) developed a model where two approaches are used to forecast the exchange rate. The fundamentalist approach