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Exchange Rate Determination and Optimal Economic Policy Under Various Exchange Rate Regimes

Exchange Rate Determination and Optimal Economic Policy Under Various Exchange Rate Regimes

Paperback

Series: Lecture Notes in Economic and Mathematical Systems, Book 359

EconomicsInvesting & Finance

ISBN10: 3540540210
ISBN13: 9783540540212
Publisher: Springer Nature
Published: Jun 19 1991
Pages: 271
Weight: 1.42
Height: 0.60 Width: 8.25 Depth: 11.00
Language: English
This book investigates the causes of the bad performance of many exchange rate models. A structural model of exchange rate determination is estimated in which expectations are proxied by means of rolling regressions. This model is used to determine the optimal way to peg a small European country's exchange rate to the Deutsche Mark.

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Economics