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The monetary approach to official reserves and foreign exchange rate in France, 1962-1974

Author

Listed:
  • Jacques Mélitz

    (School of Management & Languages - HWU - Heriot-Watt University [Edinburgh])

  • Henri Sterdyniak

    (OFCE - Observatoire français des conjonctures économiques (Sciences Po) - Sciences Po - Sciences Po)

Abstract

Any test of the monetary approach centered on the period of fixed exchange rates would now be predominantly of historical interest. At the time of this study, however, experience with flexible exchange rates was still too short to permit concentrating econometric analysis exclusively on this more recent system (...).

Suggested Citation

  • Jacques Mélitz & Henri Sterdyniak, 1979. "The monetary approach to official reserves and foreign exchange rate in France, 1962-1974," SciencePo Working papers Main hal-01025312, HAL.
    • Handle: RePEc:hal:spmain:hal-01025312
    Note: View the original document on HAL open archive server: https://hal-sciencespo.archives-ouvertes.fr/hal-01025312
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    References listed on IDEAS

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    1. Melitz, Jacques, 1976. "Inflationary Expectations and the French Demand for Money 1959-70," The Manchester School of Economic & Social Studies, University of Manchester, vol. 44(1), pages 17-41, March.
    2. Dornbusch, Rudiger, 1976. " The Theory of Flexible Exchange Rate Regimes and Macroeconomic Policy," Scandinavian Journal of Economics, Wiley Blackwell, vol. 78(2), pages 255-275.
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    Cited by:

    1. Patrick Artus, 1985. "Rationnement de crédit et réactions des entreprises," Revue Économique, Programme National Persée, vol. 36(6), pages 1207-1246.

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