An Empirical Exploration of Exchange Rate Target-Zones:
In the context of a flexible-price monetary exchange rate model and the assumption of uncovered interest parity, we obtain a measure of the fundamental determinant of exchange rates. Daily data for the European Monetary System are used to explore the importance of nonlinearities in the relationship...
Gespeichert in:
1. Verfasser: | |
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
1991
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Schriftenreihe: | IMF Working Papers
Working Paper No. 91/15 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | In the context of a flexible-price monetary exchange rate model and the assumption of uncovered interest parity, we obtain a measure of the fundamental determinant of exchange rates. Daily data for the European Monetary System are used to explore the importance of nonlinearities in the relationship between the exchange rates and fundamentals. Many implications of existing "target-zone" exchange rate models are tested; little support is found for existing nonlinear models of limited exchange rate flexibility |
Beschreibung: | 1 Online-Ressource (73 p) |
ISBN: | 145184316X 9781451843163 |
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spelling | Mathieson, Donald J. Verfasser aut An Empirical Exploration of Exchange Rate Target-Zones Mathieson, Donald J Washington, D.C International Monetary Fund 1991 1 Online-Ressource (73 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 91/15 In the context of a flexible-price monetary exchange rate model and the assumption of uncovered interest parity, we obtain a measure of the fundamental determinant of exchange rates. Daily data for the European Monetary System are used to explore the importance of nonlinearities in the relationship between the exchange rates and fundamentals. Many implications of existing "target-zone" exchange rate models are tested; little support is found for existing nonlinear models of limited exchange rate flexibility Online-Ausg Flood, Robert P. Sonstige oth Rose, Andrew K. Sonstige oth http://elibrary.imf.org/view/IMF001/00272-9781451843163/00272-9781451843163/00272-9781451843163.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Mathieson, Donald J. An Empirical Exploration of Exchange Rate Target-Zones |
title | An Empirical Exploration of Exchange Rate Target-Zones |
title_auth | An Empirical Exploration of Exchange Rate Target-Zones |
title_exact_search | An Empirical Exploration of Exchange Rate Target-Zones |
title_exact_search_txtP | An Empirical Exploration of Exchange Rate Target-Zones |
title_full | An Empirical Exploration of Exchange Rate Target-Zones Mathieson, Donald J |
title_fullStr | An Empirical Exploration of Exchange Rate Target-Zones Mathieson, Donald J |
title_full_unstemmed | An Empirical Exploration of Exchange Rate Target-Zones Mathieson, Donald J |
title_short | An Empirical Exploration of Exchange Rate Target-Zones |
title_sort | an empirical exploration of exchange rate target zones |
url | http://elibrary.imf.org/view/IMF001/00272-9781451843163/00272-9781451843163/00272-9781451843163.xml |
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