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Record Nr. |
UNINA9910788408103321 |
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Autore |
Mitchell Travis |
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Titolo |
A Small Foreign Exchange Market with a Long-Term Peg : : Barbados / / Travis Mitchell, Roland Craigwell, Rupert Worrell |
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Pubbl/distr/stampa |
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Washington, D.C. : , : International Monetary Fund, , 2006 |
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ISBN |
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1-4623-2356-1 |
1-4527-9251-8 |
1-283-51298-X |
1-4519-0958-6 |
9786613825438 |
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Descrizione fisica |
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1 online resource (20 p.) |
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Collana |
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Altri autori (Persone) |
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CraigwellRoland |
WorrellRupert |
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Soggetti |
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Foreign exchange market - Barbados |
Foreign exchange rates - Barbados |
Banks and Banking |
Finance: General |
Foreign Exchange |
Money and Monetary Policy |
International Financial Markets |
Monetary Systems |
Standards |
Regimes |
Government and the Monetary System |
Payment Systems |
Banks |
Depository Institutions |
Micro Finance Institutions |
Mortgages |
Finance |
Currency |
Foreign exchange |
Monetary economics |
Banking |
Currency markets |
Currencies |
Foreign exchange transactions |
Foreign exchange market |
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Money |
Banks and banking |
United States |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Nota di bibliografia |
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Includes bibliographical references. |
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Nota di contenuto |
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""Contents""; ""I. INTRODUCTION""; ""II. THE INSTITUTIONAL FRAMEWORK""; ""III. THEORETICAL CONSIDERATIONS""; ""IV. DATA, METHODOLOGY, AND RESULTS""; ""V. CONCLUSIONS AND NEXT STEPS""; ""REFERENCES"" |
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Sommario/riassunto |
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This paper is a first analysis of daily transactions in the foreign exchange market of Barbados, a small open economy that has had an unchanged peg to the U.S. dollar for over 30 years. As a result of the credibility of the peg, we expect that capital flows will respond to differentials between U.S. and comparable Barbadian interest rates and that this will result in uncovered interest parity, when allowance is made for market frictions and large discrete events. The results are consistent with this hypothesis about the motivation for foreign exchange transactions. |
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