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New Zealand’s short- and medium-term real exchange rate volatility: drivers and policy implications

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Abstract

Some simple cross-country comparisons of exchange rate volatility are presented, suggesting that New Zealand's exchange rate has been more volatile than those of many of its peers. The note also discusses possible reasons for the volatility, and possible policy responses

Suggested Citation

  • Willy Chetwin & Tim Ng & Daan Steenkamp, 2013. "New Zealand’s short- and medium-term real exchange rate volatility: drivers and policy implications," Reserve Bank of New Zealand Analytical Notes series AN2013/03, Reserve Bank of New Zealand.
  • Handle: RePEc:nzb:nzbans:2013/03
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    File URL: http://www.rbnz.govt.nz/-/media/ReserveBank/Files/Publications/Analytical%20notes/2013/AN2013-03.pdf
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    Cited by:

    1. Daan Steenkamp, 2014. "Structural adjustment in New Zealand since the commodity boom," Reserve Bank of New Zealand Analytical Notes series AN2014/02, Reserve Bank of New Zealand.
    2. Lauren Rosborough & Raiko Shareef, 2013. "Foreign exchange turnover: trends in New Zealand and abroad," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 76, pages 31-40, December.
    3. Daan Steenkamp, 2014. "How volatile are New Zealand’s terms of trade? An international comparison," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 77, pages 3-14, June.

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