THE EXPECTED EXCHANGE RATE AND THE EFFECTS OF INTERVENTION, SENSITIVITY OF SPECULATION, AND CAPITAL MOBILITY
Abstract
It is widely recognized that expectations of future events have significant impact on exchange rates movements. The role of expectations in exchange rate movements can be considered as a source of exchange rate estimation error. In a sense it is a pity that the majority of empirical evidence on the exchange rate fluctuation clearly negates the validity of such models that are more sophisticated and comprehensive.
Citation
Akiba, H. (1987), "THE EXPECTED EXCHANGE RATE AND THE EFFECTS OF INTERVENTION, SENSITIVITY OF SPECULATION, AND CAPITAL MOBILITY", Studies in Economics and Finance, Vol. 11 No. 1, pp. 29-48. https://doi.org/10.1108/eb028673
Publisher
:MCB UP Ltd
Copyright © 1987, MCB UP Limited