Measuring Exchange Rate Smoothness across Regimes
Year: 1996
Author: Dewachter, Hans
Credit and Capital Markets – Kredit und Kapital, Vol. 29 (1996), Iss. 4 : pp. 528–544
Abstract
This paper proposes a framework to analyse the smoothness of exchange rates across regimes and applies this framework to the ERM rates both quoted against the Deutsche mark and the French franc. It is found that the traditional conclusion that semi-fixed exchange rate regimes decrease the smoothness crucially depends on whether one analyses Deutsche mark rates or French franc rates.
Journal Article Details
Publisher Name: Global Science Press
Language: Multiple languages
DOI: https://doi.org/10.3790/ccm.29.4.528
Credit and Capital Markets – Kredit und Kapital, Vol. 29 (1996), Iss. 4 : pp. 528–544
Published online: 1996-04
AMS Subject Headings: Duncker & Humblot
Copyright: COPYRIGHT: © Global Science Press
Pages: 17
Author Details
Dewachter, Hans Email
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