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| Author: | Bask, M. |
| Title: | Technical trading at the currency market increases the overshooting effect |
| Journal: | Finnish Economic Papers
2003 : AUTUMN, VOL. 16:2, p. 72-80 |
| Index terms: | Foreign exchange market Trading Exchange rates |
| Language: | eng |
| Abstract: | It is shown in the paper that the magnitude of exchange rate overshooting is larger than in Dornbusch (1976) when chartists are introduced into the model. Specifically, the extent of overshooting depends inversely on the planning horizon. |
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