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". DOI 10.6092/unibo/amsacta/795.
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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
Tipologia del documento
Monografia (Working paper)
Autori
AutoreAffiliazioneORCID
Basevi, Giorgio
Pignataro, Andrea
Parole chiave
exchange rates fundamental variables chartists
Settori scientifico-disciplinari
DOI
Data di deposito
17 Giu 2004
Ultima modifica
17 Feb 2016 14:04
URI

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