On the identification of de facto currency pegs

We describe an exchange rate peg on a dollar/euro/yen basket as an orthogonality condition for bilateral exchange rates vis-à-vis these currencies. This approach avoids the choice of a numeraire and allows simple testing on the composition of the peg. GMM estimation is performed before and after the...

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Bibliographic details
Volume: 20
Main Author: Bénassy-Quéré, Agnès
Cœuré, Benoît
Mignon, Valérie
Format: Journal Article
Language: English
Zielgruppe: Academic
Place of publication: SAN DIEGO Elsevier Inc 2006
ACADEMIC PRESS INC ELSEVIER SCIENCE
Elsevier
Elsevier B.V
published in: Journal of the Japanese and international economies Vol. 20; no. 1; pp. 112 - 127
ORCID: 0000-0003-4898-3694
Data of publication: 2006
ISSN: 0889-1583
1095-8681
EISSN: 1095-8681
Discipline: Business
Economics
International Relations
Series: Journal of the Japanese and International Economies
Subjects:
F33
Online Access: available in Bonn?
Database: Web of Knowledge
Social Sciences Citation Index
Web of Science
Web of Science - Social Sciences Citation Index - 2006
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