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The EMU's exchange rate policy [PDF]
Contents: 1. Forum Economique Franco-Allemand - Deutsch-Französisches Wirtschaftspolitisches Forum...1 -- 2. Opening Address, Klaus Bünger...2 -- 3. EMU and Transatlantic Exchange-Rate Stability - Agnès Bénassy-Quéré and Benoît Mojon...5 -- 4. What Exchange Rate Policy in EMU? - Manfred J.M. Neumann...30 -- 5.
Bénassy-Quéré, Agnès +2 more
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Exchange Rates, Policy Convergence, and the European Monetary System
The Review of Economics and Statistics, 1991In this paper we use a recently developed multivariate cointegration technique to analyze the degree of policy convergence of EMS member relative to that of some non-EMS countries. Interestingly, we find convergence for the nominal and real exchange rates and money supplies of the EMS members but not for the non-EMS countries.
MacDonald, Ronald, Taylor, Mark P
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Monetary policy and the exchange rate
New Zealand Economic Papers, 2002This paper analyses the implications of uncovered interest parity for departures of the exchange rate from purchasing power parity as a result of temporary policy‐induced changes in the domestic interest rate. The analysis produces a precise formula for the relationship, which suggests that exchange rate movements caused by monetary policy are small ...
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Where Would the EUR/CHF Exchange Rate be Without the SNB's Minimum Exchange Rate Policy?
Journal of Futures Markets, 2013AbstractSince its announcement made on September 6, 2011, the Swiss National Bank (SNB) has been pursuing the goal of a minimum EUR/CHF exchange rate of 1.20, promising to intervene on currency markets to prevent the exchange rate from falling below this level.
Hanke, Michael +2 more
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MONETARY POLICY AND THE EXCHANGE RATE
Oxford Review of Economic Policy, 1991The British monetary authorities began the decade with a commitment to a policy of decelerating monetary growth as the centrepiece of their economic strategy. A policy of outright 'benign neglect' towards the exchange rate was a stated accompaniment.
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The Exchange Rate in Israël : Policy and Opinion
Revue économique, 1979Tout au long de ses trente ans d'histoire, la balance des paiements d'Israel a ete deficitaire. Jusqu'en octobre 1977, le controle des changes etait en cours et les quelques devaluations officielles etaient, en fait, suppleees — sous couvert d'impots et de subventions — par de frequentes petites devaluations. Ces procedes ont souleve d'intenses debats
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MONETARY POLICY EXCHANGE RATE DYNAMICS AND THE LABOUR MARKET
Oxford Economic Papers, 1986This paper analyzes exchange-rate dynamics in a model that integrates slowly-adjusting prices with wealth accumulation dynamics under imperfect asset substitutability. The aim is to examine the overshooting hypothesis and the nature of the dynamic path following a change in monetary policy.
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The exchange rate and monetary policy [PDF]
A speech by Don Brash commenting on the place of the exchange rate in New Zealand's monetary policy.
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