Do Exchange Rate Move to Address International Macroeconomic Imbalances?
Matthew Canzoneri (),
Javier Valles and
Working Papers from Banco de España, Working Papers Homepage
This paper provides empirical evidence on the effectiveness of movements in nominal exchange rates in smooting cyclical imbalances between countries, as explained by the literature on optimal currency areas.
Keywords: EXCHANGE RATE; FINANCIAL POLICY (search for similar items in EconPapers)
JEL-codes: F30 F31 (search for similar items in EconPapers)
Pages: 51 pages
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Working Paper: Do Exchange Rates Move to Address International Macroeconomic Imbalances? (1996)
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Persistent link: https://EconPapers.repec.org/RePEc:bde:wpaper:9626
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