Read Exchange Rates in South America's Emerging Markets

Exchange Rates in South America's Emerging Markets

Luis Molinas Sosa

4.9/5 (20135 ratings)

Description:Since Meese and Rogoff (1983) results showed that no model could outperform a random walk in predicting exchange rates. Many papers have tried to find a forecasting methodology that could beat the random walk, at least for certain forecasting periods. This Element compares the Purchasing Power Parity, the Uncovered Interest Rate, the Sticky Price, the Bayesian Model Averaging, and the Bayesian Vector Autoregression models to the random walk benchmark in forecasting exchange rates between most South American currencies and the US Dollar, and between the Paraguayan Guarani and the Brazilian Real and the Argentinian Peso. Forecasts are evaluated under the criteria of Root Mean Square Error, Direction of Change, and the Diebold-Mariano statistic. The results indicate that the two Bayesian models have greater forecasting power and that there is little evidence in favor of using the other three fundamentals models, except Purchasing Power Parity at longer forecasting horizons.We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with Exchange Rates in South America's Emerging Markets. To get started finding Exchange Rates in South America's Emerging Markets, you are right to find our website which has a comprehensive collection of manuals listed.
Our library is the biggest of these that have literally hundreds of thousands of different products represented.

Pages: 58

Format: PDF, EPUB & Kindle Edition

Publisher: Cambridge University Press

Release: 2020

ISBN: Y8fSDwAAQBAJ

Description: Since Meese and Rogoff (1983) results showed that no model could outperform a random walk in predicting exchange rates. Many papers have tried to find a forecasting methodology that could beat the random walk, at least for certain forecasting periods. This Element compares the Purchasing Power Parity, the Uncovered Interest Rate, the Sticky Price, the Bayesian Model Averaging, and the Bayesian Vector Autoregression models to the random walk benchmark in forecasting exchange rates between most South American currencies and the US Dollar, and between the Paraguayan Guarani and the Brazilian Real and the Argentinian Peso. Forecasts are evaluated under the criteria of Root Mean Square Error, Direction of Change, and the Diebold-Mariano statistic. The results indicate that the two Bayesian models have greater forecasting power and that there is little evidence in favor of using the other three fundamentals models, except Purchasing Power Parity at longer forecasting horizons.We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with Exchange Rates in South America's Emerging Markets. To get started finding Exchange Rates in South America's Emerging Markets, you are right to find our website which has a comprehensive collection of manuals listed.
Our library is the biggest of these that have literally hundreds of thousands of different products represented.

Special Offer | $0.00

Special Offer! | $0.00

Exchange Rates in South America's Emerging Markets

Exchange Rates in South America's Emerging Markets

More Books

Exchange Rates in South America's Emerging Markets (Elements in the Economics of Emerging Markets)

Exchange Rates in South America's Emerging Markets (Elements in the Economics of Emerging Markets)

Predestinados y otros microrrelatos

Predestinados y otros microrrelatos

Gallito Cómics 61

Gallito Cómics 61

Sentirme puedes

Sentirme puedes

La noción de derecho en Luis de Molina

La noción de derecho en Luis de Molina

Fonética y fonología descriptivas de la lengua española

Fonética y fonología descriptivas de la lengua española

Fonética y fonología descriptivas de la lengua española: Volumes 1 and 2 (Spanish Edition)

Fonética y fonología descriptivas de la lengua española: Volumes 1 and 2 (Spanish Edition)