Fluctuations et Régimes de Change

This paper investigates the consequences of the Bretton Woods system and the EMS on business cycle properties. For both exchange rate regimes, we observe a disconnect between the volatility of the exchange rate and that of its fundamentals. EMS members exhibit higher synchronization as far as GDP, consumption and investment are concerned. In contrast, there is no systematic relationship between interdependence and the fall of the Bretton Woods system.

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Year of publication:	2002
Authors:	SOPRASEUTH, Thepthida
Published in:	Annales d'Economie et de Statistique. - École Nationale de la Statistique et de l'Admnistration Économique (ENSAE). - 2002, 66, p. 107-142
Publisher:	École Nationale de la Statistique et de l'Admnistration Économique (ENSAE)

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Extent:	application/pdf
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005065931