Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/179928 
Year of Publication: 
2018
Citation: 
[Journal:] Economics: The Open-Access, Open-Assessment E-Journal [ISSN:] 1864-6042 [Volume:] 12 [Issue:] 2018-37 [Publisher:] Kiel Institute for the World Economy (IfW) [Place:] Kiel [Year:] 2018 [Pages:] 1-9
Publisher: 
Kiel Institute for the World Economy (IfW), Kiel
Abstract: 
In this paper the author analyzes the behavior of exchange rates expectations for four currencies, by considering a re-calculation and an extension of Resende and Zeidan (Expectations and chaotic dynamics: Empirical evidence on exchange rates, Economics Letters, 2008). Considering Lyapunov exponent-based tests results, they are not supportive of chaos in exchange rates expectations, although the so-called 0-1 test strongly supports the chaos hypothesis.
Subjects: 
deterministic chaos
exchange rates
expectations
Lyapunov exponents
0-1 test
JEL: 
C12
C15
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article

Files in This Item:
File
Size
199.37 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.