The Optimal Degree of Exchange Rate Flexibility: a Target Zone Approach*

López, Jesús Rodríguez; Mendizábal, Hugo Rodríguez

doi:10.1111/j.1467-9396.2007.00698.x

Cited by 2 publications

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References 44 publications

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“…Lopez and Mendizabal (2007) construct a target zone model in order to analyze the flexibility of exchange rate. According to their perspective, the flexibility of exchange rate is approximated by the bandwidth where the exchange rate is allowed to fluctuate.…”

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confidence: 99%

Three essays on macroeconomic volatility

Γρυδάκη¹

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for their valuable comments. I would also like to thank Visiting Professor Lida Thomo for supporting and encouraging me during the period of my graduate studies. This dissertation was partly prepared while I was an exchange student at Utrecht University. The hospitality of the Department of Economics, staff and graduate students is highly appreciated. Assistant Professor Claire Economidou deserves special thanks for supervising my Dissertation during my staying in the Netherlands. Her help and interest with respect to my future professional development, is also highly appreciated. Apart from her support with academic and professional matters, she has been close to me as a friend.She taught me how to go through life with less stress and not to get overwhelmed by small things.I would like to thank my office mates and especially Maria Christidou, for tolerating me, especially during the last few months I spent writing my dissertation.At home, the much harder task of tolerating my changes of mood as my work progressed (or regressed) fell upon my fiancé, Grigorios Emvalomatis. Being an economist with special interest in econometrics himself, he did a lot to support me emotionally. He was there to listen and to offer advice and suggestions. For that and for his understanding I am grateful to him.Finally, I would like to thank my mother, who is continuously by my side, supporting me emotionally and financially. Similarly, I wish to thank my parents-in-law for supporting me in a number of ways.

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Three essays on macroeconomic volatility

Γρυδάκη¹

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Foreign exchange interventions under a minimum exchange rate regime and the Swiss franc

Hertrich

2021

Rev International Economics

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In this paper, a structural model is proposed that allows monetary authorities to determine the size of foreign exchange market interventions that are expected to be necessary to implement a minimum exchange rate regime. An empirical application of the proposed model to the minimum exchange rate regime that the Swiss National Bank (SNB) implemented vis‐à‐vis the euro from September 2011 to January 2015 reveals that it is well suited to explain the actual size of these interventions and that, in January 2015, the SNB’s euro purchases might have been large without the abandonment of the minimum exchange rate regime, which is consistent with the official statements of the SNB in the aftermath of that episode.

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The Optimal Degree of Exchange Rate Flexibility: a Target Zone Approach*

Cited by 2 publications

References 44 publications

Three essays on macroeconomic volatility

Three essays on macroeconomic volatility

Foreign exchange interventions under a minimum exchange rate regime and the Swiss franc

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