Exchange rate dynamics under alternative intervention rules
This paper examines the effects of two alternative intervention rules, the real exchange rate rule and the nominal exchange rate rule, on the behavior of a small open economy. These rules are found to differ in terms of the resulting exchange-rate jumps, deviations from purchasing power parity, and...
| Published in: | The Philippine Review of Business and Economics Vol. XXIX, No. 1 (June 1992), p. 1-9. |
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| Main Author: | |
| Format: | Analytics |
| Language: | English |
| Published: |
1992.
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| Subjects: |