| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP1968 |
| DP1968 Strategic Trade and Industrial Policy Towards Dynamic Oligopolies | |
| Peter Neary; Dermot Leahy | |
| 发表日期 | 1998-09-30 |
| 出版年 | 1998 |
| 语种 | 英语 |
| 摘要 | We show that the variables pointed to by the theory of optimum currency areas (OCAs) help to explain patterns of exchange rate variability and intervention across countries. But OCA considerations affect exchange market pressures and intervention in different ways. Exchange market pressures mainly reflect asymmetric shocks, while intervention largely reflects the variables that OCA theory suggests cause countries to value stable exchange rates (small size and the extent of trade links). Intervention and exchange market pressure also vary with the structure of the international monetary system. |
| 主题 | International Macroeconomics |
| 关键词 | Exchange rate volatility Intervention Optimum currency areas |
| URL | https://cepr.org/publications/dp1968 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/531099 |
| 推荐引用方式 GB/T 7714 | Peter Neary,Dermot Leahy. DP1968 Strategic Trade and Industrial Policy Towards Dynamic Oligopolies. 1998. |
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