Now showing items 1-4 of 4
A time series analysis of the Japanese yen
This paper sought to address the question as to whether the exchange rate can be forecasted more accurately by a monetary model of exchange rate determination or the random walk in the case of the Japan-U.S. exchange ...
Higher-order spectral based tests of Gaussianity, linearity, and stationarity in stock returns
This paper presents empirical examinations of three important aspects of stock returns: Gaussianity, linearity, and stationarity by applying time series tests based upon the higher-order spectra. If the stationary time ...
The experience of a dual exchange market with a simultaneous unofficial market in El Salvador
Because of economic and non-economic factors, the situation of the external sector in El Salvador has reached critical levels. Under persistent trade deficits, capital flight, and a continuous reduction in international ...
A portfolio approach for the TESOBONO problem in Mexico during 1994: A simple model
During 1994 domestic and foreign investors in Mexico increased the share of TESOBONOS in their portfolios when they perceived the possibility of a future devaluation of the Mexican peso or, in other words, the abandonment ...