This paper provides a brief survey of previous applications of chaotic analysis to exchange rate series and of the connection between theoretical models of exchange rates and the chaotic approach and then considers the key elements required to establish a chaotic structure and apply the analysis to the daily $C/$US exchange rates over the period 1973 to 2003. In particular the overshooting hypothesis as represented by the chaotic structure is investigated.
|Number of pages||10|
|Journal||International business and economics research journal|
|Publication status||Published - 2007|