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...

תיאור מלא

מידע ביבליוגרפי
מחבר ראשי: Mathieson, Donald
מחברים אחרים: Flood, Robert, Rose, Andrew
פורמט: כתב-עת
שפה:English
יצא לאור: Washington, D.C. : International Monetary Fund, 1991.
סדרה:IMF Working Papers; Working Paper ; No. 1991/015
גישה מקוונת:Full text available on IMF
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100 1 |a Mathieson, Donald. 
245 1 3 |a An Empirical Exploration of Exchange Rate Target-Zones /  |c Donald Mathieson, Robert Flood, Andrew Rose. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 1991. 
300 |a 1 online resource (73 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a 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. 
538 |a Mode of access: Internet 
700 1 |a Flood, Robert. 
700 1 |a Rose, Andrew. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 1991/015 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/1991/015/001.1991.issue-015-en.xml  |z IMF e-Library