The Impact of Monetary Policyon the Exchange Rate : Evidence From Three Small Open Economies /
This paper studies the impact effect of monetary policy shocks-identified by the reaction of three month market interest rates to policy announcements-on the exchange rate in Australia, Canada, and New Zealand during the 1990s. The main results are that (1) on average, a 100 basis point contractiona...
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| Format: | Revija |
| Jezik: | English |
| Izdano: |
Washington, D.C. :
International Monetary Fund,
2000.
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| Serija: | IMF Working Papers; Working Paper ;
No. 2000/141 |
| Online dostop: | Full text available on IMF |