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| Author: | Lothian, J. |
| Title: | Some new stylized facts of floating exchange rates |
| Journal: | Journal of International Money and Finance
1998 : FEB, VOL. 17:1, p. 29-40 |
| Index terms: | EXCHANGE RATES FLOATING RATES FINANCE |
| Language: | eng |
| Abstract: | This paper re-examines real exchange rate behavior of OECD currencies under the current float using the more extensive dataset that an additional decade's worth of experience has made available. What emerges is a new set of stylized facts, which suggest that the problems of the current float were not, as commonly believed, generic to that system but in fact rather specific, being largely confined to one sub-period - the early and mid-1980s - and one currency - the US dollar. |
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