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2024-03-29T11:56:34+00:00
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Optimum Currency Areas and Shock Asymmetry: A Comparison of Europe and the United States
https://www.bankofcanada.ca/1994/01/working-paper-1994-1/
Since the early 1980s, models based on economic fundamentals have been poor at explaining the movements in the exchange rate (Messe 1990). In response to this problem, Frankel and Froot (1988) developed a model that uses two approaches to forecast the exchange rate: the fundamentalist approach, which bases the forecast on economic fundamentals, and the chartist approach, which bases the forecast on the past behaviour of the exchange rate.
1994-01-01T10:37:28+00:00
en
Optimum Currency Areas and Shock Asymmetry: A Comparison of Europe and the United States
1994-01-01
Exchange rates
Financial markets
Working Paper 1994-1
https://www.bankofcanada.ca/wp-content/uploads/2010/04/wp94-1.pdf
Optimum Currency Areas and Shock Asymmetry: A Comparison of Europe and the United States
Nick Chamie
Alain DeSerres
René Lalonde
January 1994
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C40
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