Overshooting and the exchange rate disconnect puzzle: a reappraisal

Transition to floating exchange rate regimes has led to sharp increases in nominal and real exchange rate volatilities with no corresponding changes in the distribution of fundamental macroeconomic variables. In the spirit of Dornbusch [1976], we assess whether nominal exchange rate overshooting is...

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Bibliographic details
Main Author: Sopraseuth, Thepthida
Hairault, Jean-Olivier
Patureau, Lise
Format: Paper
Language: English
Place of publication: 2003
Related: CEPREMAP
Data of publication: 2003
Series: CEPREMAP Working Papers (Couverture Orange)
Online Access: available in Bonn?
Database: RePEc
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