Exchange Rate Dynamics Redux and Chaos
This paper extends the model of the exchange rate developed by Obstfeld and Rogoff (1995; 1996) to cnsider the speculative dynamics resulting from the interaction between chartists and fundamentalists put forward by De Grauwe, Dewachter, and Embrechts (1993).
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|Date of creation:||1999|
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Web page: http://www.economics.bham.ac.uk
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