A Model of Exchange Rates and Capital Flows: The Canadian Floating Rate Experience

Haas, Richard de Goeij-de; Alexander, William E.

doi:10.2307/1992048

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1980

1992

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Cited by 15 publications

(2 citation statements)

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“…A simple way of introducing the exchange rate into the above model is to postulate that the level of the exchange rate is a function of the level of prices in Canada vis-à-vis the level of prices in foreign countries, especially the United States, and of the differential in the real interest rate between Canada and foreign countries. A more realistic analysis of the determinants of the Canadian dollar can be found in Haas and Alexander (1979) or Freedman (1979).…”

Section: The Modelmentioning

confidence: 99%

Monetary Aggregates as Targets: Some Theoretical Aspects

Freedman¹

1981

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Section: The Modelmentioning

confidence: 99%

Monetary Aggregates as Targets: Some Theoretical Aspects

Freedman¹

1981

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“…Monetarist models, such as those of Girton andRoper (1977) andSargen (1977), perform poorly because of their incorporation of the purchasing-power-parity assumption. The demand for short-term assets model of Haas and Alexander (1979) and the eclectic model of Freedman (1979a) …”

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Some Aspects of the Canadian Experience with Flexible Exchange Rates in the 1970s

Freedman¹,

Longworth²

1980

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In this study, the authors examine three aspects of the Canadian experience with flexible exchange rates in the 1970s: the movements in the Canadian dollar-U.S. dollar exchange rate, the sharp growth of external borrowings by Canadians in the 1974-76 period, and the real effects of relative price movements.Several theoretical and empirical exchange rate models are found to have done poorly in explaining the movements of the value of the Canadian dollar over the decade.In the examination of external borrowings in the mid-1970s, it is concluded that there was some response in borrower and lender behaviour to movements in nominal long-term interest rate differentials. Four sources of explanation for such behaviour are examined.A three-sector model comprising non-tradable goods, resource-based tradable goods and non resource-based tradable goods, is used to study the effects of changes in raw material prices, domestic unit labour costs, and the exchange rate on various real variables in the Canadian economy.

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Exchange-Rate Modelling in the EPA World Economic Model

Amano¹,

Dombrecht²

1983

Exchange Rates in Multicountry Econometric Models

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A Model of Exchange Rates and Capital Flows: The Canadian Floating Rate Experience

Cited by 15 publications

References 12 publications

Monetary Aggregates as Targets: Some Theoretical Aspects

Monetary Aggregates as Targets: Some Theoretical Aspects

Some Aspects of the Canadian Experience with Flexible Exchange Rates in the 1970s

Exchange-Rate Modelling in the EPA World Economic Model

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