Overview
This book investigates the causes of the bad performance of many exchange rate models. A structural model of exchange rate determination is estimated in which expectations are proxied by means of rolling regressions. This model is used to determine the optimal way to peg a small European country's exchange rate to the Deutsche Mark.
- | Author: Eelke de Jong
- | Publisher: Springer
- | Publication Date: Jun 19, 1991
- | Number of Pages: 271 pages
- | Binding: Paperback or Softback
- | ISBN-10: 3540540210
- | ISBN-13: 9783540540212
