EconPapers    
Economics at your fingertips  
 

Reverse Shooting of Exchange Rates

Peijie Wang

No 2009-FIN-02, Working Papers from IESEG School of Management

Abstract: Reverse shooting of the exchange rate has been put forward in this paper by scrutinizing the adjustment and evolution of the exchange rate towards its new long-run equilibrium level following a change in money supply. Joint and sequential effects of covered interest rate parity and the sticky price on the rise, from the short-term through the long-run horizon, result in a feature of reverse shooting of the exchange rate. Regardless of what the immediate response of the exchange rate to the change in money supply can be argued for, reverse shooting homogenizes the evolution path of exchange rate adjustment and movement from different views.

Keywords: exchange rate; reverse shooting (search for similar items in EconPapers)
JEL-codes: F31 F37 (search for similar items in EconPapers)
Pages: 17 pages
Date: 2009-04
New Economics Papers: this item is included in nep-cba, nep-ifn and nep-mon
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://my.ieseg.fr/bienvenue/DownloadDoc.asp?Fich=920656083_2009-FIN-02_Wang.pdf First version, 2009 (application/pdf)
Our link check indicates that this URL is bad, the error code is: 500 Can't connect to my.ieseg.fr:80 (No such host is known. )

Related works:
Journal Article: Reverse shooting of exchange rates (2013) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ies:wpaper:f200902

Access Statistics for this paper

More papers in Working Papers from IESEG School of Management Contact information at EDIRC.
Bibliographic data for series maintained by Joao DA CUNHA ().

 
Page updated 2020-11-21
Handle: RePEc:ies:wpaper:f200902