Explanations of Exchange Rate Volatility and Other Empirical Regularities in Some Popular Models of the Foreign Exchange Market

Robert P. Flood

The present paper is intended to accomplish two tasks. First, models predicting overshooting and magnification, respectively, will be checked for their consistency with two key empirical regularities: A. The observed pattern of price level vs. exchange-rate volatility. B. The observed pattern of spot exchange-rate vs. forward exchange-rate volatility. Second, a widely neglected reason for exchange-rate volatility, activist monetary policy, will be studied

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Year of publication:	February 1981
Authors:	Flood, Robert P.
Institutions:	National Bureau of Economic Research (contributor)
Publisher:	Cambridge, Mass : National Bureau of Economic Research
Subject:	Wechselkurs \| Exchange rate \| Volatilität \| Volatility \| Theorie \| Theory \| Devisenmarkt \| Foreign exchange market \| Schätzung \| Estimation

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Extent:	1 Online-Ressource
Series:	NBER working paper series ; no. w0625
Type of publication:	Book / Working Paper
Language:	English
Notes:	Mode of access: World Wide Web System requirements: Adobe [Acrobat] Reader required for PDF files Hardcopy version available to institutional subscribers.
Other identifiers:	10.3386/w0625 [DOI]
Source:	ECONIS - Online Catalogue of the ZBW

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