A small foreign exchange market with a long-term peg : Barbados / / prepared by DeLisle Worrell, Roland Craigwell, and Travis Mitchell

• Autore: Worrell DeLisle
• Pubblicazione: [Washington, D.C.], : International Monetary Fund, IMF Institute, 2006
• Edizione: 1st ed.
• Descrizione fisica: 1 online resource (20 p.)
• Soggetto topico: Foreign exchange market - Barbados; Foreign exchange rates - Barbados
• Altri autori: CraigwellRoland MitchellTravis
• Note generali: "October 2006."
• Nota di bibliografia: Includes bibliographical references.
• Nota di contenuto: ""Contents""; ""I. INTRODUCTION""; ""II. THE INSTITUTIONAL FRAMEWORK""; ""III. THEORETICAL CONSIDERATIONS""; ""IV. DATA, METHODOLOGY, AND RESULTS""; ""V. CONCLUSIONS AND NEXT STEPS""; ""REFERENCES""
• Sommario/riassunto: 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.
• Titolo autorizzato: A small foreign exchange market with a long-term peg
• ISBN: 1-4623-2356-1; 1-4527-9251-8; 1-283-51298-X; 1-4519-0958-6; 9786613825438
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910825680503321
• Lo trovi qui: Univ. Federico II
• Serie: IMF working paper ; ; WP/06/245.