Post-Louvre intervention: did target zones stabilize the dollar?

An investigation of whether the G-3 nations (Germany, Japan, and the U.S.) successfully maintained target zones following the G-7's February 1987 Louvre meeting. Using daily, official intervention data and simultaneous-equation techniques, the authors determine that the G-3 reacted in a manner consistent with maintaining target zones, but find scant evidence that the intervention successfully influenced subsequent exchange-rate movements.

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Year of publication:	1992
Authors:	Baillie, Richard T. ; Humpage, Owen F.
Institutions:	Federal Reserve Bank of Cleveland
Subject:	Foreign exchange - Law and legislation \| Dollar \| American

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Extent:	application/pdf
Series:	Working Paper.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 9203
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005428325