Title

Declining Influence of Objective Economic Factors on Exchange Rates Determination in the Turbulent Global Credit Crisis

Document Type

Conference Proceeding

Publication Date

2009

Abstract

The study examines the unbiased and contemporaneous relationship of forward and spot exchange rates in relation to global economic coordination among seven industrialized countries. The results indicate that the coordination of the central banks’ interventions in the earlier part of the current recession may not have been very successful.

Publication Name

International Trade and Finance Association

Volume Number

19th International Conference Working Papers

Issue Number

Paper 17

Publisher

International Trade and Finance Association

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