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Explaining Recent European Exchange‐Rate Stability
International Finance, 1999In this paper we analyse the behaviour of the bilateral exchange rates that were converted into euros on 1 January 1999. Using a model of stochastic regime switching we study the effects of future conversion on current exchange‐rate dynamics. We find that exchange rates are to a large extent determined by the discounted (expected) conversion value. The
Paul De Grauwe +2 more
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Export Promotion through Exchange Rate Policy: Exchange Rate Depreciation or Stabilization? [PDF]
Exchange rate movements affect exports in two ways -- its depreciation and its variability (risk). A depreciation raises exports, but the associated exchange rate risk could offset that positive effect. The present paper investigates the net effect for eight Asian countries using a dynamic conditional correlation bivariate GARCH-M model that ...
Fang, WenShwo +2 more
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Exchange Rate Regimes and Economic Stability
Voprosy Ekonomiki, 2010The Bank of Russia intends to introduce inflation targeting policy and exchange rate free floating regime in three years. Exogenous shocks absorption which stabilizes the real sector of economy is usually considered to be one of the advantages of free floating exchange rate policy.
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Flexible exchange rates and stabilizing speculation
Journal of International Money and Finance, 1988Abstract This paper re-establishes the superiority of flexible exchange rates in small open economy models characterized by an efficient foreign exchange market and short-run imperfections in the product (labor) market.
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MONETARY POLICY AND EXCHANGE RATE STABILIZATION.
In this article, we examine the relationship between monetary policy and exchange rate stabilization, exploring the tools and strategies used by central banks to manage exchange rate volatility and create an environment conducive to sustainable economic development.openaire +1 more source
Korea’s Exchange Rate Stability and Exchange Rate Policy
APEC Studies Association of Koreaopenaire +1 more source
Exchange Rates and Exchange Stability
The Review of Economics and Statistics, 1950openaire +1 more source
PPP Exchange-Rate Rules and Macroeconomic Stability
Journal of Political Economy, 1982openaire +1 more source
Stability and Exchange Rate Policy [PDF]
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Portfolio Balance and Exchange Rate Stability: Note
Journal of Money, Credit and Banking, 1977openaire +1 more source

