A simple test of momentum in foreign exchange markets
This study proposes a new method for testing for the presence of momentum in nominal exchange rates, using a probabilistic approach. We illustrate our methodology estimating a binary response model using information on local currency / US dollar exchange rates of eight emerging economies. After cont...
| Autores Principales: | , |
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| Formato: | Documento de trabajo (Working Paper) |
| Lenguaje: | Inglés (English) |
| Publicado: |
Universidad del Rosario
2011
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| Materias: | |
| Acceso en línea: | http://repository.urosario.edu.co/handle/10336/10984 |