... entered in log, rather than in numer-ical, form, and we search for the best fitting transformation of the data using the Box—Cox transformation. Second, in Goodhart and Demos (1990), we argue that there ... dynamics of the VAR are now1.57, 0.86, and 2.13 for the Deutschemark and 1.49, 2.22, and 3.89 for the Yen. Although the systematic dynamics for the number of quotations, for the Yen only, indicates ... predetermined, and reported on another part of the Reuters system, the FXNB page. The stochastic element in such cases is the actual announcement, not the timing of it. In general, the majority of the...