Skip to main navigation Skip to main content
info(at)avldigital.remove-this.de
Deutsch English
Narrow Search
Search narrowed by
Last searches

Results for *

Displaying results 1 to 2 of 2.

  1. Real exchange rate persistence
    the case of the Swiss franc-US dollar rate
    Author: Jusélius, Katarina; Assenmacher, Katrin
    Published: 2015
    Publisher:  Swiss National Bank, Zurich

    Asset prices tend to undergo wide swings around long-run equilibrium values, which can have detrimental effects on the real economy. To get a better understanding of how the financial sector and the real economy interact, this paper models the long... more

    Location:
    Staatsbibliothek zu Berlin - Preußischer Kulturbesitz, Haus Unter den Linden
    Inter-library loan:
    Unlimited inter-library loan, copies and loan

     

    Asset prices tend to undergo wide swings around long-run equilibrium values, which can have detrimental effects on the real economy. To get a better understanding of how the financial sector and the real economy interact, this paper models the long swings in the Swiss franc-US dollar foreign currency market using the I(2) Cointegrated VAR model. The results show strong evidence of self-reinforcing feedback mechanisms in the Swiss-US foreign exchange market that are consistent with the observed pronounced persistence in Swiss-US parity conditions. Generally, the results provide support for models allowing expectations formation in financial markets to be based on imperfect information.

     
    Export to reference management software   RIS file
      BibTeX file
    Source: Staatsbibliothek zu Berlin
    Language: English
    Media type: Book
    Format: Print
    Series: SNB working papers ; 2015,3
    Subjects: Devisenmarkt; Schweizer Franken; US-Dollar; Unvollkommene Information; Lange Wellen; Kointegration; VAR-Modell; Schweiz; USA; Long swings; Imperfect Knowledge; I(2) analysis; Selfreinforcing feed-back
    Scope: 37 S., graph. Darst.
    Notes:

    Parallel als Online-Ausg. erschienen
  2. Real exchange rate persistence
    the case of the Swiss franc-US dollar rate
    Author: Jusélius, Katarina; Assenmacher, Katrin
    Published: 2015
    Publisher:  Swiss National Bank, Zurich

    Asset prices tend to undergo wide swings around long-run equilibrium values, which can have detrimental effects on the real economy. To get a better understanding of how the financial sector and the real economy interact, this paper models the long... more

    Location:
    Staatsbibliothek zu Berlin - Preußischer Kulturbesitz, Haus Potsdamer Straße
    Signature:
    1 B 163807
    Inter-library loan:
    Unlimited inter-library loan, copies and loan

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    W 1558 (2015,3)
    Inter-library loan:
    Unlimited inter-library loan, copies and loan

     

    Asset prices tend to undergo wide swings around long-run equilibrium values, which can have detrimental effects on the real economy. To get a better understanding of how the financial sector and the real economy interact, this paper models the long swings in the Swiss franc-US dollar foreign currency market using the I(2) Cointegrated VAR model. The results show strong evidence of self-reinforcing feedback mechanisms in the Swiss-US foreign exchange market that are consistent with the observed pronounced persistence in Swiss-US parity conditions. Generally, the results provide support for models allowing expectations formation in financial markets to be based on imperfect information.

     
    Export to reference management software   RIS file
      BibTeX file
    Source: Staatsbibliothek zu Berlin
    Language: English
    Media type: Book
    Format: Print
    Series: SNB working papers ; 2015,3
    Subjects: Devisenmarkt; Schweizer Franken; US-Dollar; Unvollkommene Information; Lange Wellen; Kointegration; VAR-Modell; Schweiz; USA; Long swings; Imperfect Knowledge; I(2) analysis; Selfreinforcing feed-back
    Scope: 37 S., graph. Darst.
    Notes:

    Parallel als Online-Ausg. erschienen