After the Deluge: Do Fixed Exchange Rates Allow Inter-Temporal Volatility Tradeoffs?Andrew K. Rose
NBER Working Paper No. 5219 This paper addresses the issue of whether regimes of fixed exchange rates are a mechanism for shifting volatility inter- temporally. Using a panel of data covering twenty industrialized countries from 1959 through 1993, I examine the volatilities of a host of real and monetary variables. Graphical and statistical examination of the periods around 33 flotations and 81 devaluations reveals little evidence of significant increases in volatility following these events.
Machine-readable bibliographic record - MARC, RIS, BibTeX Document Object Identifier (DOI): 10.3386/w5219 Published: International Journal of Finance and Economics, 1995 citation courtesy of Users who downloaded this paper also downloaded* these:
|

Contact Us