01638cas a2200265 a 4500 AALejournalIMF002341 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451843163 1018-5941 BD-DhAAL BD-DhAAL Mathieson, Donald. An Empirical Exploration of Exchange Rate Target-Zones / Donald Mathieson, Robert Flood, Andrew Rose. Washington, D.C. : International Monetary Fund, 1991. 1 online resource (73 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students In the context of a flexible-price monetary exchange rate model and the assumption of uncovered interest parity, we obtain a measure of the fundamental determinant of exchange rates. Daily data for the European Monetary System are used to explore the importance of nonlinearities in the relationship between the exchange rates and fundamentals. Many implications of existing 'target-zone' exchange rate models are tested; little support is found for existing nonlinear models of limited exchange rate flexibility. Mode of access: Internet Flood, Robert. Rose, Andrew. IMF Working Papers; Working Paper ; No. 1991/015 Full text available on IMF http://elibrary.imf.org/view/journals/001/1991/015/001.1991.issue-015-en.xml IMF e-Library