Are Exchange Rates Excessively Volatile? : What Does "Excessively Volatile" Mean, Anyway? /
Using data for the major currencies from 1973 to 1994, we apply recent tests of asset price volatility to re-examine whether exchange rates have been excessively volatile with respect to the predictions of the monetary model of the exchange rate and of standard extensions that allow for sticky price...
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| Format: | Czasopismo |
| Język: | English |
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Washington, D.C. :
International Monetary Fund,
1995.
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| Seria: | IMF Working Papers; Working Paper ;
No. 1995/085 |
| Dostęp online: | Full text available on IMF |