Cerrato, Mario; Kim, Hyunsok; MacDonald, Ronald - 2009
adoption of generalized
�oating exchange rates ushered in a new era of exchange rate volatility and uncer-
tainty. This … data set. We only consider six out of eight
series.
Figure (4) and (5) con�rm that when exchange rates are below their mean … (6) and Figure (7), the properties of symmetry and asymmetry are
graphically shown when exchange rates are appreciated or …