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The Role of Expectations in Exchange Rate Fluctuations

Habib Morovat; Ali Faridzad

Volume 20, Issue 64 , October 2015, , Pages 89-115

https://doi.org/10.22054/ijer.2015.4607

Abstract
  Exchange rate is one of the most important factors in open economies. So determining the factors which affect exchange rate behaviors is necessary. In this research we try to analyze the role of extrapolative expectations and chartists in the instability of exchange rate market. We use unofficial nominal ...  Read More