Abstract:To cite this article: José R. Sánchez-Fung (2015) Exchange rate dynamics, forecasting and the microstructure approach: empirical evidence for an emerging market economy, Macroeconomics and Finance in Emerging Market Economies, 8:1-2, 81-89, This article investigates exchange rate dynamics and forecasting in an emerging market economy by incorporating elements from the market microstructure approach. The investigation finds that in the Dominican Republic imbalances between purchases and sales in the foreign ex… Show more
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