Haku
Viitteet 1-1 / 1
Volatile exchange rates and speculation : can the dollar movements of the 1980s be explained?
(15.01.1991)
Bank of Finland Research Discussion Papers 2/1991
Bank of Finland Research Discussion Papers 2/1991
The paper analyzes why exchange rates can deviate substantially from levels predicted by economic fundamentals. Chapter 2 reviews traditional exhange rate models and shows how they fail. Since speculation seems to·play a ...