A Small Foreign Exchange Market with a Long-Term Peg : Barbados /

This paper is a first analysis of daily transactions in the foreign exchange market of Barbados, a small open economy that has had an unchanged peg to the U.S. dollar for over 30 years. As a result of the credibility of the peg, we expect that capital flows will respond to differentials between U.S....

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Bibliografski detalji
Glavni autor: Mitchell, Travis
Daljnji autori: Craigwell, Roland, Worrell, Rupert
Format: Žurnal
Jezik:English
Izdano: Washington, D.C. : International Monetary Fund, 2006.
Serija:IMF Working Papers; Working Paper ; No. 2006/245
Online pristup:Full text available on IMF
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245 1 2 |a A Small Foreign Exchange Market with a Long-Term Peg :   |b Barbados /  |c Travis Mitchell, Roland Craigwell, Rupert Worrell. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2006. 
300 |a 1 online resource (18 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 This paper is a first analysis of daily transactions in the foreign exchange market of Barbados, a small open economy that has had an unchanged peg to the U.S. dollar for over 30 years. As a result of the credibility of the peg, we expect that capital flows will respond to differentials between U.S. and comparable Barbadian interest rates and that this will result in uncovered interest parity, when allowance is made for market frictions and large discrete events. The results are consistent with this hypothesis about the motivation for foreign exchange transactions. 
538 |a Mode of access: Internet 
700 1 |a Craigwell, Roland. 
700 1 |a Worrell, Rupert. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2006/245 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2006/245/001.2006.issue-245-en.xml  |z IMF e-Library