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Published in:
1992 | OriginalPaper | Chapter
Nominal Exchange Rate Prediction
Authors : Dr. Javier Gardeazabal, Dr. Marta Regúlez
Published in: The Monetary Model of Exchange Rates and Cointegration
Publisher: Springer Berlin Heidelberg
Included in: Professional Book Archive
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Nominal exchange rate prediction interests many. Economists can use exchange rate prediction exercises as a way of validating structural models of exchange rate determination. Businessmen are interested in forecasting rates to the extent that this will allow them to better hedge against foreign exchange risk. Finally, governments will conduct their domestic economic policy guided by a better knowledge if they have accurate rate forecasts at their disposal.