Miniane, Jacques Alain; Rogers, John H. - 2003
, which imposed controls in
September 1998, and whose exchange rate, interest rate (T-bill) and foreign
reserves are displayed … maturities, but has had little effect on interest rate differentials and
therealexchangerate.
1
The question we ask in this paper … tools from the VAR literature, we estimate the response of the for-
eign (i.e., non-U.S.) interest rate and the exchange …