Franklin

The Credibility of Nordic Exchange Rate Bands [electronic resource] : 1987-1991, Geadah, Sami.

Author/Creator:
Geadah, Sami.
Publication:
Washington, D.C. : International Monetary Fund, 1992.
Format/Description:
Government document
Book
1 online resource (24 p.)
Series:
IMF eLibrary
IMF Working Papers; Working Paper No. 92/3.
IMF Working Papers; Working Paper No. 92/3
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Local subjects:
Capital flows. (search)
Domestic exchange rate. (search)
Exchange markets. (search)
Exchange rate. (search)
Exchange rate arrangement. (search)
Exchange rate arrangements. (search)
Exchange rate band. (search)
Exchange rate bands. (search)
Exchange rate commitments. (search)
Exchange rate expectations. (search)
Exchange rate indicator. (search)
Exchange rate mechanism. (search)
Exchange rate realignments. (search)
Exchange rate risk. (search)
Exchange rate target. (search)
Exchange rate variability. (search)
Exchange rates. (search)
Exchange reserves. (search)
Exchange risk. (search)
Floating exchange rates. (search)
Foreign exchange. (search)
Foreign exchange markets. (search)
Foreign exchange rates. (search)
Foreign exchange reserves. (search)
Foreign exchange risk. (search)
Foreign investment. (search)
Forward exchange. (search)
Forward exchange rate. (search)
Forward exchange rates. (search)
International financial. (search)
International financial statistics. (search)
Multilateral exchange rate. (search)
Official exchange rate. (search)
Spot exchange rate. (search)
Spot exchange rates. (search)
Trade partners. (search)
Denmark. (search)
Finland. (search)
Norway. (search)
Sweden. (search)
Summary:
The credibility of the exchange rate bands in the Nordic countries during 1987-91 is examined with two tests. The results suggest that the credibility of Finland’s exchange rate band within a twelve-month horizon could not be rejected except in the fall of 1991; however, the band lacked credibility within a five-year horizon throughout the period. Denmark’s and Norway’s bands lacked both short- and long-term credibility at the beginning of the period, but credibility could not be rejected from 1989 for Norway and as of 1990 for Denmark. The credibility of Sweden’s band within a one-year horizon could not be rejected up to fall 1989, but thereafter its credibility deteriorated sharply.
Notes:
Description based on print version record.
Contributor:
Geadah, Sami.
Saavalainen, Tapio.
Svensson, Lars E. O.
Other format:
Print Version:
ISBN:
1451841817:
9781451841817
ISSN:
1018-5941
Publisher Number:
10.5089/9781451841817.001
Access Restriction:
Restricted for use by site license.