Alternative exchange-rate systems. A rejoinder

Autor:	H. ASKARI, F. MODIGLIANI
Jazyk:	angličtina
Rok vydání:	2014
Předmět:	Exchange rate regimes floating rates sliding parities fixed rates Political science Economic theory. Demography HB1-3840
Zdroj:	PSL Quarterly Review, Vol 28, Iss 112 (2014)
Druh dokumentu:	article
ISSN:	2037-3643 2037-3635
DOI:	10.13133/2037-3643/11472
Popis:	The article is a brief response to Goldstein and Cohn’s paper on alternative exchange-rate systems in which empirical evidence is exhibited which does not favour either fixed or floating rates in dampening the effect of a disturbance to the rest of the world. From this result, they argue for a “reasonably clean floating rates”. The authors argue that the usefulness of Goldstein and Cohn’s results is somewhat limited by the simple model that they use. More importantly, they neglect to show any reason why the authors’ other propositions would not lend some support to a system of sliding parities. JEL: E42
Databáze:	Directory of Open Access Journals
Externí odkaz:	https://doaj.org/article/6a0bba4c592845578a1d7cb800859a44 Zobrazit plný text záznamu View record in DOAJ