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Targeting the Exchange Rate : Empirical Investigation.
- Format:
- Book
- Government document
- Author/Creator:
- International Monetary Fund.
- Series:
- IMF Working Papers; Working Paper ; No. 1990/061
- IMF Working Papers
- Language:
- English
- Physical Description:
- 1 online resource (34 pages)
- Place of Publication:
- Washington, D.C. : International Monetary Fund, 1990.
- Language Note:
- English
- Summary:
- 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.
- Notes:
- Bibliographic Level Mode of Issuance: Monograph
- Description based on print version record.
- ISBN:
- 9781455207107
- 1455207101
- 9781462366156
- 1462366155
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