Overshooting and Exchange Rate Disconnect Puzzle: A Reappraisal

Transitions to floating exchange rate regimes have led to sharp increases in exchange rate volatilities with no corresponding changes in the distribution of macroeconomic fundamentals. In the spirit of Dornbusch (1976), we assess whether nominal exchange rate overshooting is responsible for this phe...

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Bibliographic details
Main Author: Sopraseuth, Thepthida
Hairault, Jean-Olivier
Patureau, Lise
Format: Paper
Language: English
Place of publication: 01.10.2004
Related: EconWPA
Data of publication: 2004/10/01
Series: Macroeconomics
Online Access: available in Bonn?
Database: RePEc IDEAS
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