The Impact of Monetary Policyon the Exchange Rate : Evidence From Three Small Open Economies

Evidence From Three Small Open Economies

The Impact of Monetary Policyon the Exchange Rate : Evidence From Three Small Open Economies
This paper studies the impact effect of monetary policy shocks-identified by the reaction of three month market interest rates to policy announcements-on the exchange rate in Australia, Canada, and New Zealand during the 1990s. The main results are that (1) on average, a 100 basis point contractionary shock will appreciate the exchange rate by... READ MORE...

Publication date: August 2000
ISBN 9781451856170
$15.00

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