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Exchange Rate Dynamics in the Berlin Black Market

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Release : 1991
Genre : Berlin (Germany)
Kind : eBook
Book Rating : /5 ( reviews)

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Book Synopsis Exchange Rate Dynamics in the Berlin Black Market by : Mala Gaonkar

Download or read book Exchange Rate Dynamics in the Berlin Black Market written by Mala Gaonkar. This book was released on 1991. Available in PDF, EPUB and Kindle. Book excerpt:

Berlin’s Black Market

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Release : 2014-01-14
Genre : Science
Kind : eBook
Book Rating : 317/5 ( reviews)

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Book Synopsis Berlin’s Black Market by : Malte Zierenberg

Download or read book Berlin’s Black Market written by Malte Zierenberg. This book was released on 2014-01-14. Available in PDF, EPUB and Kindle. Book excerpt: This book puts the illegal economy of the German capital during and after World War II into context and provides a new interpretation of Germany's postwar history. The black market, it argues, served as a reference point for the beginnings of the two new German states.

Exchange Rate Dynamics and Currency Unification

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Release : 1990
Genre : Foreign exchange
Kind : eBook
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Book Synopsis Exchange Rate Dynamics and Currency Unification by : Michael C. Burda

Download or read book Exchange Rate Dynamics and Currency Unification written by Michael C. Burda. This book was released on 1990. Available in PDF, EPUB and Kindle. Book excerpt:

Through the Back Door

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Author :
Release : 2017
Genre : History
Kind : eBook
Book Rating : 856/5 ( reviews)

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Book Synopsis Through the Back Door by : Jerzy Kochanowski

Download or read book Through the Back Door written by Jerzy Kochanowski. This book was released on 2017. Available in PDF, EPUB and Kindle. Book excerpt: Foreword / Malgorzata Mazurek (Columbia University) -- Terms and methods -- Shortage, greed, protest : a short course in the history of the black market in the first half of the 20th century -- The Polish (anti) speculation curve : 1944-1989 -- The (historical) geography of the black market in the Polish People's Republic -- Meat -- Alcohol -- Gasoline -- Dollar and gold -- The tourist trade in communist Poland -- Closing remarks: Through the back door ... or the front? -- Glossary

Empirical Modeling of Exchange Rate Dynamics

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Release : 2012-12-06
Genre : Business & Economics
Kind : eBook
Book Rating : 413/5 ( reviews)

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Book Synopsis Empirical Modeling of Exchange Rate Dynamics by : Francis X. Diebold

Download or read book Empirical Modeling of Exchange Rate Dynamics written by Francis X. Diebold. This book was released on 2012-12-06. Available in PDF, EPUB and Kindle. Book excerpt: Structural exchange rate modeling has proven extremely difficult during the recent post-1973 float. The disappointment climaxed with the papers of Meese and Rogoff (1983a, 1983b), who showed that a "naive" random walk model distinctly dominated received theoretical models in terms of predictive performance for the major dollar spot rates. One purpose of this monograph is to seek the reasons for this failure by exploring the temporal behavior of seven major dollar exchange rates using nonstructural time-series methods. The Meese-Rogoff finding does not mean that exchange rates evolve as random walks; rather it simply means that the random walk is a better stochastic approximation than any of their other candidate models. In this monograph, we use optimal model specification techniques, including formal unit root tests which allow for trend, and find that all of the exchange rates studied do in fact evolve as random walks or random walks with drift (to a very close approximation). This result is consistent with efficient asset markets, and provides an explanation for the Meese-Rogoff results. Far more subtle forces are at work, however, which lead to interesting econometric problems and have implications for the measurement of exchange rate volatility and moment structure. It is shown that all exchange rates display substantial conditional heteroskedasticity. A particularly reasonable parameterization of this conditional heteroskedasticity, which captures the observed clustering of prediction error variances, is developed in Chapter 2.

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