Rational speculation and exchange rates

By Margarida Duarte, Alan C. Stockman. 2001

113 citations recorded by the source corpus.

Subfields: Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/a81fad081a34cb27a94582acbd2de4ede7ed6c98

Citations in the corpus

• Exchange Rate Pass-Through, Exchange Rate Volatility, and Exchange Rate Disconnect (2002, unknown): “In many respects, our paper is similar to Duarte and Stockman (2001). They emphasize that shipping costs, leading to deviations from PPP, and volatile risk premiums, leading to deviation from UIRP, are joint requirements in the understanding of high exchange rate volatility. In our emphasis on the n”
• Exchange Rate Volatility and Productivity Growth: The Role of Financial Development (2009, unknown): “For example, Jeanne and Rose (2002) and Devereux and Engel (2003) assume that some traders have biased expectations; Duarte and Stockman (2005) assume shocks to perceived covariances; and Bacchetta and van Wincoop (2006) assume hedging trade.”