Econometrica

Journal Of The Econometric Society

An International Society for the Advancement of Economic
Theory in its Relation to Statistics and Mathematics

Edited by: Guido W. Imbens • Print ISSN: 0012-9682 • Online ISSN: 1468-0262

Econometrica: Sep, 1973, Volume 41, Issue 5

Stabilization of the Canadian Dollar: 1952-1960

https://www.jstor.org/stable/1913807
p. 797-815

John E. Pippinger, Llad Phillips

In this paper we construct a model that describes the behavior of the foreign exchange market and Exchange Fund. Cross-spectral and regression analysis of daily data are used to show that official intervention contributed significantly to the short-run stability of Canadian exchange rates.


Log In To View Full Content

Journal News

View