Exchange rates under EMS target zones: An econometric investigation

Applied Economics

Volumn 28, Issue 4, 1996, Pages 453-466

  Parikh, A ^a   Bhattacharya, R ^a  

^a UNIVERSITY OF EAST ANGLIA   (United Kingdom)

Author keywords

[No Author keywords available]

Indexed keywords

ECONOMETRIC ANALYSIS; EUROPEAN MONETARY SYSTEM; EXCHANGE RATE; FOREIGN EXCHANGE; METHODOLOGICAL EVALUATION; TARGET ZONE;

EUROPE, (WEST);

EID: 0029837553     PISSN: 00036846     EISSN: None     Source Type: Journal    
DOI: 10.1080/000368496328588     Document Type: Article

References (14)

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2. Bertola, G. and Caballero, R. J. (1992) Target zones and realignments, American Economic Review, 82, 520-36.
3. Bertola, G and Svensson, L. E. O. (1991) Stochastic devaluation risk and the empirical fit of target zone models, National Bureau of Economic Research (Cambridge, MA), Working Paper No. 3576.
4. Bodnar, G. M. (1989) Target zones and Euro rates: A Model of Eurocurrency Interest Differentials in the European Monetary System, PhD dissertation, Princeton University.
5. Flood, R. P. and Garber, P. M. (1991) The linkage between speculative attack and target zone models of exchange rates, Quarterly Journal of Economics, 106, 1367-72
6. Flood, R. P., Rose, A. K. and Mathieson, D. J. (1990) An empirical exploration of exchange rate target zones, National Bureau of Economic Research (Cambridge, MA), Working Paper No. 3543-990.
7. Karfakis, C. I. and Parikh, A. (1991) Modelling the behaviour of exchange rates in the EMS, Economics Discussion Paper No. 92-23, University of East Anglia, Norwich.
8. Krugman, P. (1991) Target zones and exchange rate dynamics, Quarterly Journal of Economics, August, 669-82.
9. Lindberg, H. and Soderlind, P. Target zone models and the intervention policy: the Swedish case, Seminar Paper No. 46, Institute for International Economic Studies, Stockholm University, Stockholm.
10. Lindberg, H., Svensson, L. E. O. and Soderlind, P. (1991) Devaluation expectations: the Swedish krona 1982-1991, Seminar Paper No. 495, Institute for International Economic Studies, Stockholm, Sweden.
11. Pesaran, H. and Samiei (1992) An analysis of the determination of Deutsche mark/French franc exchange rate in a discrete-time target zone model, Economic Journal, 102, 388-401.
12. Svensson, L. E. O. (1991) Target zones and interest rate variability, Journal of International Economics, 31, 27-54.
13. Svensson, L. E. O. (1992) Recent research on exchange rate target zones: an interpretation, Journal of Economic Perspectives, 6, 119-143.
14. Svensson, L. E. O. (1993) Assessing target zone credibility: mean reversion and devaluation expectations in the EMS, 1973-1992, European Economic Review, 36, 763-93.