Exchange market pressure during the current managed float

被引：4

作者：

Bahmani-Oskooee, M ^{[1
]}

Bernstein, DJ ^{[1
]}

机构：

[1] Univ Wisconsin, Dept Econ, Milwaukee, WI 53201 USA

来源：

APPLIED ECONOMICS LETTERS | 1999年 / 6卷 / 09期

关键词：

D O I：

10.1080/135048599352655

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Due to intervention in the foreign exchange market, any pressure on the external account of a country could be absorbed either by a change in reserves or by a change in the exchange rate. In this paper we employ Girton and Roper's EMPM model to investigate the experience of G7 countries. The results show that most of the pressure in G7 countries is absorbed by a change in reserves.

引用

页码：585 / 588

页数：4

共 8 条

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