Year: 1989
Author: Homburg, Stefan
Journal of Contextual Economics – Schmollers Jahrbuch, Vol. 109 (1989), Iss. 3 : pp. 443–447
Abstract
Using two examples we have shown that large fluctuations in real exchange rates cannot normally be attributed to "overshooting" in the Dornbusch sense. We proposed to use the interest differential between to countries as a direct and reliable measure of the extend of overshooting. Observing that differential immediately reveals that the past appreciation of the dollar against the mark has hardly anything to do with overshooting.
Journal Article Details
Publisher Name: Global Science Press
Language: Multiple languages
DOI: https://doi.org/10.3790/schm.109.3.443
Journal of Contextual Economics – Schmollers Jahrbuch, Vol. 109 (1989), Iss. 3 : pp. 443–447
Published online: 1989-03
AMS Subject Headings: Duncker & Humblot
Copyright: COPYRIGHT: © Global Science Press
Pages: 5
Author Details
| Section Title | Page | Action | Price |
|---|---|---|---|
| Stefan Homburg: Some Notes on Overshooting | 443 | ||
| Summary | 446 | ||
| Zusammenfassung | 447 | ||
| References | 447 |