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Stadtmann Georg (Europa-Universität Viadrina), Schäfer Dirk (University of Southern Denmark, Denmark)
Do Exchange-Rate Forecasters Herd? : a Note on the Zloty/Dollar and Yen/Dollar Exchange Rate
Bank i Kredyt, 2011, nr 1, s. 7-17, rys., tab., bibliogr. 26 poz.
Słowa kluczowe
Kurs walutowy, Prognozowanie, Decyzje konsumenckie
Exchange rates, Forecasting, Consumer decision
We used the foreign-exchange rate forecasts of the Consensus Economics Inc. poll to analyze whether exchange-rate forecasters herd or anti-herd. Forecasters herd (anti-herd) if their forecasts are biased towards (away from) the consensus. Upon implementing a robust empirical test developed by Bernhardt, Campello, Kutsoati (2006), we found that forecasters anti-herd. (original abstract)
Dostępne w
Biblioteka Główna Uniwersytetu Ekonomicznego w Krakowie
Biblioteka Szkoły Głównej Handlowej w Warszawie
Biblioteka Główna Uniwersytetu Ekonomicznego w Katowicach
Biblioteka Główna Uniwersytetu Ekonomicznego w Poznaniu
Biblioteka Główna Uniwersytetu Ekonomicznego we Wrocławiu
Pełny tekst
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  22. Pierdzioch C., Rulke J., Stadtmann G. (2010), New Evidence of Anti-Herding of Oil-Price Forecasters, forthcoming in: Energy Economics.
  23. Reitz S., Taylor M. (2008), The Coordination Channel of Foreign Exchange Intervention: A Nonlinear Microstructural Analysis, European Economic Review, 52 (1), 55-76.
  24. Reitz S., Slopek U. (2009), Nonlinear Oil Price Dynamics - A Tale of Heterogeneous Speculators? German Economic Review, 10, 270-283.
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