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- W2066434418 abstract "This paper to obtain an ex ante measure of exchange rate uncertainty in 11 Latin American countries. As a preliminary issue, the purchasing power parity (PPP) condition is tested using Engle and Granger two-step procedure and Johansen method. The argument is that exchange rate uncertainty could be lower if PPP holds in the long run. The expected exchange rate uncertainty is estimated according to an extended version of the autoregressive, conditionally heteroscedastic (ARCH) model. The results show that the ARCH adjusment produces more efficient estimates in seven countries and that the acceptance of PPP has little effect on exchange rate uncertainty." @default.
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- W2066434418 date "1995-05-01" @default.
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- W2066434418 title "Short-run exchange rate uncertainty in Latin America" @default.
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- W2066434418 doi "https://doi.org/10.1080/00036849500000149" @default.
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