Do Exchange Rate Move to Address International Macroeconomic Imbalances?

This paper provides empirical evidence on the effectiveness of movements in nominal exchange rates in smooting cyclical imbalances between countries, as explained by the literature on optimal currency areas.

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Year of publication:	1996
Authors:	Canzoneri, Matthew B. ; Vallés, Javier ; Viñals, José
Institutions:	Banco de España
Subject:	EXCHANGE RATE \| FINANCIAL POLICY

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Series:	Banco de España Working Papers.
Type of publication:	Book / Working Paper
Notes:	51 pages
Classification:	F30 - International Finance. General ; F31 - Foreign Exchange
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005590669