Exchange Rate Volatility Under Peg : Do Trade Patterns Matter? /
This paper assesses the role of trade patterns in shaping the volatility of the effective exchange rate under two alternative peg regimes: a hard peg to a single currency and a peg to a basket of currencies. I link the changes in the nominal effective exchange rate of a pegged currency to the fluctu...
| Main Author: | |
|---|---|
| Format: | Journal |
| Language: | English |
| Published: |
Washington, D.C. :
International Monetary Fund,
2012.
|
| Series: | IMF Working Papers; Working Paper ;
No. 2012/073 |
| Online Access: | Full text available on IMF |