A chaotic model of the exchange rate: The role of fundamentalists and chartists
AbstractA monetary model of the exchange rate is constructed in which â€œfundamentalistsâ€ and â€œchartistsâ€ interact. It is shown that the non-linearity of this speculative dynamics leads to chaotic motion of the exchange rate. The model is also capable of generating some of the stylized facts of exchange rate dynamics. Copyright Kluwer Academic Publishers 1993
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Bibliographic InfoArticle provided by Springer in its journal Open Economies Review.
Volume (Year): 4 (1993)
Issue (Month): 4 (December)
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Web page: http://www.springerlink.com/link.asp?id=100323
exchange rate; chaos; fundamentalism; chartism;
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