Can We Predict Exchange Rate Movements a
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Chongcheul Cheong; Young-Jae Kim; Seong-Min Yoon
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Article
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2011
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John Wiley and Sons
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English
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## ABSTRACT This paper explains the unpredictability of exchange rate movements at short horizons and provides a plausible answer on the exchange rate disconnect puzzle. By generalizing Chaboud and Wright's (__Journal of International Economics__ 2005; **66**: 349โ362) work, it is shown that exchan