The Credibility of Nordic Exchange Rate Bands : 1987-1991 /

The credibility of the exchange rate bands in the Nordic countries during 1987-91 is examined with two tests. The results suggest that the credibility of Finland's exchange rate band within a twelve-month horizon could not be rejected except in the fall of 1991; however, the band lacked credibi...

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Detalhes bibliográficos
Autor principal: Geadah, Sami
Outros Autores: Saavalainen, Tapio, Svensson, Lars
Formato: Periódico
Idioma:English
Publicado em: Washington, D.C. : International Monetary Fund, 1992.
Colecção:IMF Working Papers; Working Paper ; No. 1992/003
Acesso em linha:Full text available on IMF
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100 1 |a Geadah, Sami. 
245 1 4 |a The Credibility of Nordic Exchange Rate Bands :   |b 1987-1991 /  |c Sami Geadah, Lars Svensson, Tapio Saavalainen. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 1992. 
300 |a 1 online resource (24 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 The credibility of the exchange rate bands in the Nordic countries during 1987-91 is examined with two tests. The results suggest that the credibility of Finland's exchange rate band within a twelve-month horizon could not be rejected except in the fall of 1991; however, the band lacked credibility within a five-year horizon throughout the period. Denmark's and Norway's bands lacked both short- and long-term credibility at the beginning of the period, but credibility could not be rejected from 1989 for Norway and as of 1990 for Denmark. The credibility of Sweden's band within a one-year horizon could not be rejected up to fall 1989, but thereafter its credibility deteriorated sharply. 
538 |a Mode of access: Internet 
700 1 |a Saavalainen, Tapio. 
700 1 |a Svensson, Lars. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 1992/003 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/1992/003/001.1992.issue-003-en.xml  |z IMF e-Library