On the Statistical Properties of Floating Exchange Rates : A Reassessment of Recent Experience and Literature.
The paper reviews the statistical behavior of major currency exchange rates during 1975-86. A close inspection indicates small deviations of recent exchange rate behavior from random walks and some systematic movements in monthly data, possibly corresponding to the relatively infrequent arrivals of...
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| フォーマット: | 雑誌 |
| 言語: | English |
| 出版事項: |
Washington, D.C. :
International Monetary Fund,
1988.
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| シリーズ: | IMF Working Papers; Working Paper ;
No. 1988/011 |
| オンライン･アクセス: | Full text available on IMF |