haku: @author Ikeda, S. / yhteensä: 3
viite: 2 / 3
| Tekijä: | Ikeda, S. Shibata, A. |
| Otsikko: | Fundamentals uncertainty, bubbles, and exchange rate dynamics |
| Lehti: | Journal of International Economics
1995 : MAY, VOL. 38:3/4, p. 199-222 |
| Asiasana: | EXCHANGE RATES UNCERTAINTY ECONOMICS |
| Kieli: | eng |
| Tiivistelmä: | Using a monetary model of exchange rate determination, the authors study exchange rate dynamics with bubbles which depend on stochastic market fundamentals. These dynamics can be either stochastically stable or unstable; and either monotonic or non-monotonic (including cyclic). In an extreme case, they converge with probability one and exhibit cyclic movements. Implications for the analysis of time-dependent regime shifts are also explored. |
SCIMA