STORRE
STORRE: Stirling Online Research Repository
http://hdl.handle.net/1893/25027| Appears in Collections: | Economics Journal Articles |
| Peer Review Status: | Refereed |
| Title: | Nonlinear error correction in spot and forward exchange rates |
| Author(s): | McMillan, David Black, Angela |
| Contact Email: | david.mcmillan@stir.ac.uk |
| Issue Date: | Dec-2001 |
| Date Deposited: | 27-Feb-2017 |
| Citation: | McMillan D & Black A (2001) Nonlinear error correction in spot and forward exchange rates. Weltwirtschaftliches Archiv, 137 (4), pp. 737-750. https://doi.org/10.1007/bf02707431 |
| Abstract: | First paragraph: There is increasing recognition that financial markets may be characterised by non-linear behaviour, perhaps resulting from market frictions such as transaction costs, which may cover a broad range of costs such as the bid-ask spread, short-selling and borrowing constraints and other transaction costs. A series of recent papers has examined both real and nominal exchange rates for the existence of possible threshold effects. In general this programme of research has found affirmative evidence of threshold effects within exchange rate series. |
| DOI Link: | 10.1007/bf02707431 |
| Rights: | The publisher does not allow this work to be made publicly available in this Repository. Please use the Request a Copy feature at the foot of the Repository record to request a copy directly from the author. You can only request a copy if you wish to use this work for your own research or private study. |
| Licence URL(s): | http://www.rioxx.net/licenses/under-embargo-all-rights-reserved |
| File | Description | Size | Format | |
|---|---|---|---|---|
| art3A10.10072FBF02707431.pdf | Fulltext - Published Version | 686.96 kB | Adobe PDF | Under Embargo until 2999-12-02 Request a copy |
Note: If any of the files in this item are currently embargoed, you can request a copy directly from the author by clicking the padlock icon above. However, this facility is dependent on the depositor still being contactable at their original email address.
This item is protected by original copyright |
Items in the Repository are protected by copyright, with all rights reserved, unless otherwise indicated.
The metadata of the records in the Repository are available under the CC0 public domain dedication: No Rights Reserved https://creativecommons.org/publicdomain/zero/1.0/
If you believe that any material held in STORRE infringes copyright, please contact library@stir.ac.uk providing details and we will remove the Work from public display in STORRE and investigate your claim.