Exchange Rates in South America's Emerging Markets

Discover the intricacies of currency forecasting with Exchange Rates in South America's Emerging Markets by Luis Molinas Sosa. Published by Cambridge University Press in 2020, this insightful paperback spans 75 pages and delves into the comparison of structural and Bayesian models against the random walk benchmark. The book focuses on forecasting exchange rates between South American currencies and the US Dollar, specifically analyzing the Paraguayan Guarani, Brazilian Real, and Argentinian Peso.

Utilizing rigorous evaluation criteria such as Root Mean Square Error, Direction of Change, and the Diebold-Mariano statistic, this work provides readers with a comprehensive understanding of the methodologies used in currency exchange rate prediction. Ideal for economists, students, and professionals interested in emerging markets, this book is a must-have resource for anyone looking to enhance their knowledge of financial forecasting in South America.