Il cambio della lira attraverso controlli e interventi: variabili fondamentali e analisi "chartiste

Basevi, Giorgio ; Pignataro, Andrea (1995) Il cambio della lira attraverso controlli e interventi: variabili fondamentali e analisi "chartiste. Bologna: Dipartimento di Scienze economiche DSE, p. 30. DOI 10.6092/unibo/amsacta/5093. In: Quaderni - Working Paper DSE (223). ISSN 2282-6483.
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Abstract

This paper has two aims, one theoretical and the other empirical. At the theoretical level, we advance an interpretation of the apparent inability of models based on rational expectations to explain the time evolution of exchange rates. The interpretation is based on the inadequate treatment of the different time frequencies with which new information on the different variables that affect the foreign exchange markets becomes available. At the empirical level, we attempt to re-examine the effectiveness of controls on capital movements, during a period in which these were used in Italy; moreover we analyse the effectiveness of official foreign exchange interventions.

Abstract
Document type
Monograph (Working Paper)
Creators
CreatorsAffiliationORCID
Basevi, Giorgio
Pignataro, Andrea
Keywords
exchange rates, fundamental variables, chartists
Subjects
ISSN
2282-6483
DOI
Deposit date
28 Apr 2016 09:33
Last modified
28 Apr 2016 09:33
URI

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