The Volatility and Asymmetry of Won/Dollar Exchange Rate
Seok Yoon & Ki Seong Lee
Journal of Social Sciences, Volume 4, Issue 1, pp. 7–9 · doi.org/10.3844/jssp.2008.7.9
Abstract
The study on volatility and asymmetry of the exchange rate by applied to the daily Won/Dollar exchange rate shows that past volatility of the exchange rate still has strong persistency at present and asymmetry effect and the leverage effect, which explain that volatility shock has an effect on the uncertainty of the exchange rate, are also existent after the free floating exchange rate system was adopted.
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Yoon, S. & Lee, K. S. (2008). The Volatility and Asymmetry of Won/Dollar Exchange Rate. Journal of Social Sciences, 4(1), 7–9. https://doi.org/10.3844/jssp.2008.7.9
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