Bailliu, Jeannine; Dib, Ali; Kano, Takashi; Schembri, … - Bank of Canada - 2007
explain movements in the bilateral exchange rates of three commodity currencies -- the Australian, Canadian and New Zealand … (ACNZ) dollars. To examine the relationship between exchange rates and multilateral adjustment, we develop a new … the relationship between exchange rates and multilateral adjustment. Our findings suggest that during periods of large U …