| Description |
1 online resource (18 pages) |
| Series |
IMF working paper ; WP/06/245 |
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IMF working paper ; WP/06/245.
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| Contents |
Contents -- I. INTRODUCTION -- II. THE INSTITUTIONAL FRAMEWORK -- III. THEORETICAL CONSIDERATIONS -- IV. DATA, METHODOLOGY, AND RESULTS -- V. CONCLUSIONS AND NEXT STEPS -- REFERENCES |
| Summary |
This paper is a first analysis of daily transactions in the foreign exchange market of Barbados, a small open economy that has had an unchanged peg to the U.S. dollar for over 30 years. As a result of the credibility of the peg, we expect that capital flows will respond to differentials between U.S. and comparable Barbadian interest rates and that this will result in uncovered interest parity, when allowance is made for market frictions and large discrete events. The results are consistent with this hypothesis about the motivation for foreign exchange transactions |
| Bibliography |
Includes bibliographical references |
| Notes |
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL |
|
Print version record |
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digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL |
| Subject |
Foreign exchange market -- Barbados
|
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Foreign exchange rates -- Barbados
|
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Foreign exchange market
|
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Foreign exchange rates
|
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Barbados
|
| Form |
Electronic book
|
| Author |
Craigwell, Roland, author.
|
|
Mitchell, Travis, author
|
| ISBN |
128351298X |
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9781283512985 |
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9781451909586 |
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1451909586 |
|
