Measuring Exchange Market Pressure and the Degree of Exchange Market Intervention for the Greek Drachma
This paper presents exchange market pressure and intervention indices than can be applied as tools for policy analysis in the case of Greece. A small open economy model is presented that helps to assess Greek exchange rate policy, within a framework characterized for a strong preference to eliminate excessive exchange rate volatility to meet the Maastricht criteria of low inflation and a fixed domestic currency. [F31]
Volume (Year): 16 (2002)
Issue (Month): 3 ()
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- Jacob A. Frenkel & Joshua Aizenman, 1981.
"Aspects of the Optimal Management of Exchange Rates,"
NBER Working Papers
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