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Composition optimale des reserves de change dans un contexte de flottement generalise

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  • Zamiti, M.
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    Abstract

    A la suite de Lipsschitz et Sundararajan (1980), nous considerons que le panier optimal est celui qui reduit les fluctuations du taux de change effectif reel autour de son niveau d'equilibre. Cependant, contrairement a ces auteurs, nous tenons compte dans la determination du panier optimal, des effets des correlations entre les mouvements de taux de change et de prix sur la stabilite du taux de change reel.

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    Bibliographic Info

    Paper provided by Universite Aix-Marseille III in its series G.R.E.Q.A.M. with number 96a05.

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    Length: 26 pages
    Date of creation: 1996
    Date of revision:
    Handle: RePEc:fth:aixmeq:96a05

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    Postal: G.R.E.Q.A.M., (GROUPE DE RECHERCHE EN ECONOMIE QUANTITATIVE D'AIX MARSEILLE), CENTRE DE VIEILLE CHARITE, 2 RUE DE LA CHARITE, 13002 MARSEILLE.
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    Related research

    Keywords: BANQUES CENTRALES; POLITIQUE MONETAIRE; TAUX DE CHANGE;

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