Do Exchange Rate Move to Address International Macroeconomic Imbalances?
AbstractThis paper provides empirical evidence on the effectiveness of movements in nominal exchange rates in smooting cyclical imbalances between countries, as explained by the literature on optimal currency areas.
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Bibliographic InfoPaper provided by Banco de Espa�a in its series Banco de Espa�a Working Papers with number 9626.
Length: 51 pages
Date of creation: 1996
Date of revision:
EXCHANGE RATE; FINANCIAL POLICY;
Other versions of this item:
- Canzoneri, Matthew B & Vallés Liberal, Javier & Viñals, José, 1996. "Do Exchange Rates Move to Address International Macroeconomic Imbalances?," CEPR Discussion Papers, C.E.P.R. Discussion Papers 1498, C.E.P.R. Discussion Papers.
- F30 - International Economics - - International Finance - - - General
- F31 - International Economics - - International Finance - - - Foreign Exchange
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