Skip to main content
Open Access Publications from the University of California

Past trend versus future expectation: test of exchange rate volatility


Which of the two forces, past trends or future expectations plays a more dominant role in exchange market volatility? This hypothesis is econometrically tested here for four advanced industrial countries, France, UK, Japan and Germany over the period 1985 to 1995.

Main Content
For improved accessibility of PDF content, download the file to your device.
Current View