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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 ...
International capital flows, deregulation and the offset coefficient in Finland 1975-1990
(16.05.1991)
Bank of Finland Research Discussion Papers 7/1991
Bank of Finland Research Discussion Papers 7/1991
This study examines, using variable-parameter regression, how the offset coefficient in the capital flow equation for Finland has changed over time. We found the constant parameter estimate of the offset coefficient to be ...
Floating exchange rates and capital mobility
(28.02.1990)
Bank of Finland Research Discussion Papers 5/1990
Bank of Finland Research Discussion Papers 5/1990