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- W2107029365 abstract "textabstractExchange rate returns are fat-tailed distributed. We provide evidence that the apparent non-normality derives from the behavior of macroeconomic fundamentals. Economic and probabilistic arguments are offered for such a relationship. Empirical support is given by testing against normality and through investigating the tail shapes of the fundamentals' distributions. The currently available data sets on floating exchange rates permit a clearer picture than the relatively short spans with macroeconomic data available previously." @default.
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- W2107029365 date "2006-10-01" @default.
- W2107029365 modified "2023-09-27" @default.
- W2107029365 title "Large Swings in Currencies driven by Fundamentals" @default.
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