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Explanations of Exchange Rate Volatility and Other Empirical Regularities in Some Popular Models of the Foreign Exchange Market / Robert P. Flood.
- Format:
- Book
- Author/Creator:
- Flood, Robert P.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w0625.
- NBER working paper series no. w0625
- Language:
- English
- Subjects (All):
- Foreign exchange.
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 1981.
- Cambridge, Mass. : National Bureau of Economic Research, 1981.
- Summary:
- The present paper is intended to accomplish two tasks. First, models predicting overshooting and magnification, respectively, will be checked for their consistency with two key empirical regularities: A. The observed pattern of price level vs. exchange-rate volatility. B. The observed pattern of spot exchange-rate vs. forward exchange-rate volatility. Second, a widely neglected reason for exchange-rate volatility, activist monetary policy, will be studied.
- Notes:
- Print version record
- February 1981.
- Includes bibliographical references.
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