IDEAS home Printed from https://ideas.repec.org/h/pal/intecp/978-1-349-12884-6_17.html
   My bibliography  Save this book chapter

Stochastic Shocks, Fads and Exchange Rate Fundamentals: An Empirical Evaluation of the Target Zone Proposal

In: Open-Economy Macroeconomics

Author

Listed:
  • Nicos M. Christodoulakis

    (Athens University of Economics)

Abstract

Real exchange rate misalignments between the G3 economies — US$, DM and Yen blocs — have always attracted attention in the discussion of international policy coordination. In fact, the very existence of exchange rate deviations from what is considered the ‘normal level’ was frequently the primary motive for considering macroeconomic policy coordination between different countries. One of the proposals that has strongly influenced the recent debate on policy coordination between the major economies has been the target zone (TZ) scheme, originated by Williamson (1985) and subsequently extended and elaborated by Williamson and Miller (1987), their colleagues and other researchers.

Suggested Citation

  • Nicos M. Christodoulakis, 1993. "Stochastic Shocks, Fads and Exchange Rate Fundamentals: An Empirical Evaluation of the Target Zone Proposal," International Economic Association Series, in: Helmut Frisch & Andreas Wörgötter (ed.), Open-Economy Macroeconomics, chapter 17, pages 313-331, Palgrave Macmillan.
    • Handle: RePEc:pal:intecp:978-1-349-12884-6_17
    DOI: 10.1007/978-1-349-12884-6_17
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:intecp:978-1-349-12884-6_17. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.