Fixing Exchange Rates : A Virtual Quest for Fundamentals

Fixed exchange rates are less volatile than floating rates. But the volatility of macroeconomic variables such as money and output does not change very much across exchange rate regimes. This suggests that exchange rate models based only on macroeconomic fundamentals are unlikely to be very successful. It also suggests that there is no clear tradeoff between reduced exchange rate volatility and macroeconomic stability

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Year of publication:	[2021]
Authors:	Flood, Robert P. ; Rose, Andrew
Publisher:	[S.l.] : SSRN
Subject:	Wechselkurs \| Exchange rate \| Theorie \| Theory \| Wechselkurspolitik \| Exchange rate policy \| Monetäre Wechselkurstheorie \| Monetary approach to exchange rates \| Volatilität \| Volatility \| Industrieländer \| Industrialized countries \| Fester Wechselkurs \| Fixed exchange rate

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Extent:	1 Online-Ressource (37 p)
Series:	NBER Working Paper ; No. w4503
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments October 1993 erstellt
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013232013