This is a preview. Log in through your library . Abstract Random walks are a fundamental model in applied mathematics and are a common example of a Markov chain. The limiting stationary distribution ...
This is a preview. Log in through your library . Abstract In the random walk whose state space is a subset of the non-negative integers explicit representations for the generating functions of the ...
Download PDF More Formats on IMF eLibrary Order a Print Copy Create Citation This paper addresses a key puzzle in international finance: whether exchange rates follow a random walk or exhibit ...
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