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2006 | nr 1 Financial markets : principles of modeling forecasting and decision-making | 187--202
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Exchange rate Modeling - A Fundamental Analysis for Poland

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Chapter 13 deals with fundamental analysis of PLN/USD and PLN/EUR exchange rates. The following theories have been empirically assessed: interest rate parity, purchasing power parity, asset market model, and the balance of payments model. The models have been verified with unit root and cointegralion methodology, including structural breaks. It has been found that dynamic models perform better then static models. (fragment of text)
  • Maritime Academy Gdynia, Poland
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