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Exchange Rates in South America's Emerging Markets

About Exchange Rates in South America's Emerging Markets

Compares structural and Bayesian models to the random walk benchmark in forecasting exchange rates between South American currencies and the US Dollar, and between the Paraguayan Guarani, Brazilian Real and Argentinian Peso. Forecasts are evaluated using the criteria of Root Mean Square Error, Direction of Change, and the Diebold-Mariano statistic.

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  • Language:
  • English
  • ISBN:
  • 9781108810135
  • Binding:
  • Paperback
  • Pages:
  • 75
  • Published:
  • July 15, 2020
  • Dimensions:
  • 228x152x8 mm.
  • Weight:
  • 162 g.
Delivery: 1-2 weeks
Expected delivery: November 16, 2024

Description of Exchange Rates in South America's Emerging Markets

Compares structural and Bayesian models to the random walk benchmark in forecasting exchange rates between South American currencies and the US Dollar, and between the Paraguayan Guarani, Brazilian Real and Argentinian Peso. Forecasts are evaluated using the criteria of Root Mean Square Error, Direction of Change, and the Diebold-Mariano statistic.

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