Targeting the Exchange Rate : Empirical Investigation.

The purpose of this paper is to implement empirically the new theory of exchange rate targeting. The theory formulates an expectations induced relationship between the exchange rate and the fundamental subject to random shocks and target zone constraints. By using monthly data for a representative s...

詳細記述

書誌詳細
団体著者: International Monetary Fund
フォーマット: 雑誌
言語:English
出版事項: Washington, D.C. : International Monetary Fund, 1990.
シリーズ:IMF Working Papers; Working Paper ; No. 1990/061
オンライン・アクセス:Full text available on IMF
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245 1 0 |a Targeting the Exchange Rate :   |b Empirical Investigation. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 1990. 
300 |a 1 online resource (34 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 purpose of this paper is to implement empirically the new theory of exchange rate targeting. The theory formulates an expectations induced relationship between the exchange rate and the fundamental subject to random shocks and target zone constraints. By using monthly data for a representative small-open economy (Israel in the 1980s) the empirical analysis identifies the special roled played by policy and market fundamentals in the behavior of the exchange rate. 
538 |a Mode of access: Internet 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 1990/061 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/1990/061/001.1990.issue-061-en.xml  |z IMF e-Library