Browsing The Economic and Social Review, Vol. 25, No. 1, October, 1993 by Subject "Exchange rates"

Now showing items 1-2 of 2

    • Quantifying the non-stationarity in Irish real exchange rates 

      Wright, Jonathan H. (Economic & Social Studies, Dublin, 1993)
      Empirical work, both in Ireland and elsewhere, has found little evidence for the proposition that log-real exchange rates are stationary, implying that the purchasing power parity (PPP) relation cannot hold, not even in a ...

    • The optimum level of reserves in an exchange rate target zone 

      Hurley, Margaret; McCormack, Pat; O'Brien, Stuart (Economic & Social Studies, Dublin, 1993)
      The target zone exchange rate literature, initiated by Krugman (1991), has relevance for the question of what is the optimal level of reserves. In particular, Krugman and Rotemberg (1990) show that there is a well defmed ...