Predictable of Exchange Rate: a Comparison of Stochastic Simulation Models

Abigail Rodríguez-Nava and Francisco Venegas-Martínez
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Abigail Rodríguez-Nava: UAM
Authors registered in the RePEc Author Service: Abigail Rodríguez Nava

Chapter 9 in Nonlinear Time Series and Finance, 2014, vol. 1, pp 217-227 from Escuela Superior de Economía, Instituto Politécnico Nacional

Abstract: The economic and financial literature concerning the prediction of the exchange rate can be grouped into two areas The first of these is associated with monetary policy intervention in the exchange market, and the second one explores the possibilities for prediction and simulation of the exchange rate Both issues are interrelated because when the exchange rate can be controlled by the monetary authority its prediction is highly possible in the short term, but the quality of this prediction depends on the models used to represent agents’ expectations.

Date: 2014
ISBN: 978-607-450-926-7
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Persistent link: https://EconPapers.repec.org/RePEc:ipn:capitu:026

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