Explaining Foreign Exchange Market Puzzles /
The paper develops a flow model of the exchange rate with speculative capital flows integrated in a rigorous manner. The model is consistent with five foreign exchange market puzzles: (1) occasional discontinuous jumps in the exchange rate; (2) periodic short-term regimes of persistent appreciation/...
| Κύριος συγγραφέας: | |
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| Μορφή: | Επιστημονικό περιοδικό |
| Γλώσσα: | English |
| Έκδοση: |
Washington, D.C. :
International Monetary Fund,
1999.
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| Σειρά: | IMF Working Papers; Working Paper ;
No. 1999/027 |
| Διαθέσιμο Online: | Full text available on IMF |