The exchange rate of the British Pound against the dollar since the global financial crisis has followed
Question:
The exchange rate of the British Pound against the dollar since the global financial crisis has followed this path:
Average for month: | GBP per $US |
Mar-08 | 0.4995 |
Mar-09 | 0.70607 |
Dec-14 | 0.63779 |
Is this evidence of overshooting? If not, why not? If yes, is it an indication that the Dornbusch model may be correct i.e. a good explanation of how exchange rates behave?
Exchange RateThe value of one currency for the purpose of conversion to another. Exchange Rate means on any day, for purposes of determining the Dollar Equivalent of any currency other than Dollars, the rate at which such currency may be exchanged into Dollars...
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Related Book For 
Exchange Rates and International Finance
ISBN: 978-0273786047
6th edition
Authors: Laurence Copeland
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