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

Author

Listed:
  • Zamiti, M.

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.

Suggested Citation

  • Zamiti, M., 1996. "Composition optimale des reserves de change dans un contexte de flottement generalise," G.R.E.Q.A.M. 96a05, Universite Aix-Marseille III.
    • Handle: RePEc:fth:aixmeq:96a05
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    More about this item

    Keywords

    BANQUES CENTRALES; POLITIQUE MONETAIRE; TAUX DE CHANGE;
    All these keywords.

    JEL classification:

    • E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • F30 - International Economics - - International Finance - - - General
    • F31 - International Economics - - International Finance - - - Foreign Exchange

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