THE FOREIGN-EXCHANGE MARKET - A RANDOM-WALK WITH A DRAGGING ANCHOR

被引:98
作者
GOODHART, C [1 ]
机构
[1] UNIV LONDON LONDON SCH ECON & POLIT SCI,LONDON WC2A 2AE,ENGLAND
关键词
D O I
10.2307/2553908
中图分类号
F [经济];
学科分类号
02 ;
摘要
引用
收藏
页码:437 / 460
页数:24
相关论文
共 31 条
[1]   DEVIATIONS FROM PURCHASING POWER PARITY IN THE LONG RUN [J].
ADLER, M ;
LEHMANN, B .
JOURNAL OF FINANCE, 1983, 38 (05) :1471-1487
[2]   THE PERFORMANCE OF UK EXCHANGE-RATE FORECASTERS [J].
BLAKE, D ;
BEENSTOCK, M ;
BRASSE, V .
ECONOMIC JOURNAL, 1986, 96 (384) :986-999
[3]   FOREIGN-EXCHANGE MARKET-EFFICIENCY TESTS - IMPLICATIONS OF RECENT EMPIRICAL-FINDINGS [J].
BOOTHE, P ;
LONGWORTH, D .
JOURNAL OF INTERNATIONAL MONEY AND FINANCE, 1986, 5 (02) :135-152
[4]   EXPECTATIONS AND EXCHANGE-RATE DYNAMICS [J].
DORNBUSCH, R .
JOURNAL OF POLITICAL ECONOMY, 1976, 84 (06) :1161-1176
[5]   EXCHANGE-RATE ECONOMICS - 1986 [J].
DORNBUSCH, R .
ECONOMIC JOURNAL, 1987, 97 (385) :1-18
[6]  
DORNBUSCH R, 1987, UNPUB INT EC ASS C B
[7]  
DORNBUSCH R, 1983, IMF STAFF PAPERS, V30, P2
[8]   FORWARD AND SPOT EXCHANGE-RATES [J].
FAMA, EF .
JOURNAL OF MONETARY ECONOMICS, 1984, 14 (03) :319-338
[9]   FORECASTING THE EXCHANGE-RATE - A MONETARY OR RANDOM-WALK PHENOMENON [J].
FINN, MG .
JOURNAL OF INTERNATIONAL MONEY AND FINANCE, 1986, 5 (02) :181-193
[10]  
Frankel J., 1986, ECON REC, V62, P24