Testing the Basic Target Zone Model on Swedish Data

The Swedish exchange rate band is studied using daily data on exchange rates and interest rate differentials for the 1980s. Applying a number of different statistical and econometrics techniques it is found that the first generation of target zone models cannot provide an adequate explanation of Swedish data. The main reasons are probably intra-marginal interventions by the Swedish central bank and time varying devaluation expectations

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Year of publication:	2013
Authors:	Lindberg, Hans
Other Persons:	Söderlind, Paul (contributor)
Publisher:	[2013]: [S.l.] : SSRN
Subject:	Schweden \| Sweden \| Wechselkurspolitik \| Exchange rate policy \| Wechselkurs \| Exchange rate \| Monetäre Wechselkurstheorie \| Monetary approach to exchange rates

Extent:	1 Online-Ressource (32 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: European Economic Review, Vol. 38, pp. 1441-1469, 1994 Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments May 1, 1992 erstellt
Classification:	F31 - Foreign Exchange
Source:	ECONIS - Online Catalogue of the ZBW

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