A Monetary Model of Exchange Market Pressure Applied to the Post-War Canadian Experience
- 1 November 1976
- journal article
- Published by Board of Governors of the Federal Reserve System in International Finance Discussion Papers
- Vol. 1976.0 (92) , 1-32
- https://doi.org/10.17016/ifdp.1976.92
Abstract
The monetary approach to the balance of payments has received considerable attention. However, most the empirical studies employ models of a small country with fixed exchange rates. Without relying on the small-country assumption, we derive a model to explain a measure of exchange market pressure that incorporates both exchange rate movements and official intervention. the models is used to analyze the post-war Canadian experience.Keywords
All Related Versions
This publication has 0 references indexed in Scilit: