Explaining Foreign Exchange Market Puzzles /
The paper develops a flow model of the exchange rate with speculative capital flows integrated in a rigorous manner. The model is consistent with five foreign exchange market puzzles: (1) occasional discontinuous jumps in the exchange rate; (2) periodic short-term regimes of persistent appreciation/...
| מחבר ראשי: | |
|---|---|
| פורמט: | כתב-עת |
| שפה: | English |
| יצא לאור: |
Washington, D.C. :
International Monetary Fund,
1999.
|
| סדרה: | IMF Working Papers; Working Paper ;
No. 1999/027 |
| גישה מקוונת: | Full text available on IMF |