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...

Disgrifiad llawn

Manylion Llyfryddiaeth
Prif Awdur: Bodnar, Gordon
Awduron Eraill: Bartolini, Leonardo
Fformat: Cylchgrawn
Iaith:English
Cyhoeddwyd: Washington, D.C. : International Monetary Fund, 1995.
Cyfres:IMF Working Papers; Working Paper ; No. 1995/085
Mynediad Ar-lein:Full text available on IMF