Alternative exchange rate regimes and the transmission of disturbances
Read Online
Share

Alternative exchange rate regimes and the transmission of disturbances a general equilibrium approach by Torsten Persson

  • 678 Want to read
  • ·
  • 83 Currently reading

Published by University of Warwick, Dept. of Economics in Coventry .
Written in English


Book details:

Edition Notes

Statementby Torsten Persson.
SeriesWarwick economic research papers -- no.182
ContributionsUniversity of Warwick. Department of Economics.
ID Numbers
Open LibraryOL14866652M

Download Alternative exchange rate regimes and the transmission of disturbances

PDF EPUB FB2 MOBI RTF

The paper develops a general stochastic macroeconomic model which can be used to study the international transmission of disturbances under alternative exchange-rate systems. Four types of exchange-rate systems are considered: uniform flexible exchange rates, uniform fixed exchange rates, two-tier exchange rates in which the current-account exchange rate is fixed and the capital-account exchange rate is flexible, and two-tier exchange rates with separate. This book succinctly presents a historical, theoretical, and empirical discussion of the performance of alternative exchange rate arrangements. It will be of great value to professional economists and policymakers worldwide in helping them to choose the best exchange rate system for their by:   The paper develops a general stochastic macroeconomic model that can be used to study the international transmission of disturbances under four alter We use cookies to enhance your experience on our continuing to use our website, you are agreeing to our use of by: Flood, Robert P., and Marion, Nancy P. “The Transmission of Disturbances under Alternative Exchange-Rate Regimes with Optimal Indexing.” Quarterly Journal of Economics, 97 (February ): 43– CrossRef Google ScholarCited by:

Abstract The paper develops a general stochastic macroeconomic model that can be used to study the international transmission of disturbances under four alternative exchange-rate systems: uniform flexible exchange rates, uniform fixed exchange rates, and two versions of two-tier exchange rates. The analysis makes two general points. The Transmission of Disturbances under Alternative Exchange-Rate Regimes with Optimal : Robert P Flood and Nancy Peregrim Marion. Alternative Exchange Rate Systems Countries have three basic choices in determining the monetary linkage between their economy and the rest of the world, assuming that they maintain a . the durability and performance of alternative exchange rate regimes by drawing on new data and on a new de facto approach to classifying exchange rate regimes (see Reinhart and Rogoff, ). 1 Although there are many nuances, overall our results suggest that for.

An alternative asset price model of the exchange rate emerges (in sec. ) from a reduced-form expression of the condition of balance of pay- change rate in which monetary disturbances have real effects on levels of output, relative prices, and the real exchange rate. The model illustrates the ing exchange rate regimes. It is also Cited by: The Transmission of Disturbances under Alternative Exchange-Rate Regimeswith Optimal Indexing. [Nancy Peregrim Marion; Robert P Flood; National Bureau of Economic Research.;] -- The paper develops a general stochastic macroeconomic model which can be used to study the international transmission of disturbances under alternative exchange-rate systems. Transmission of Disturbances This section compares the two exchange rate regimes, fixed and floating, with respect to the international transmission of economic Chapter 18 Spending and the Exchange Rate in the Keynesian Model CAVEcpp 6/6/06 PM Page File Size: KB. Alternative Targeting Regimes, Transmission Lags, and the Exchange Rate Channel by Jean-Paul Lam Monetary and Financial Analysis Department Bank of Canada Ottawa, Ontario, Canada K1A 0G9 [email protected] The views expressed in this paper are those of the author. No responsibility for them should be attributed to the Bank of by: 7.