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Take shelter from external shocks wi...
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Lee, Wai-Chee.
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Take shelter from external shocks with exchange rate systems? An empirical investigation for Australia: 1973 to 1994.
紀錄類型:
書目-電子資源 : Monograph/item
正題名/作者:
Take shelter from external shocks with exchange rate systems? An empirical investigation for Australia: 1973 to 1994./
作者:
Lee, Wai-Chee.
面頁冊數:
126 p.
附註:
Source: Masters Abstracts International, Volume: 42-03, page: 0792.
Contained By:
Masters Abstracts International42-03.
標題:
Economics, General. -
電子資源:
http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=1416563
Take shelter from external shocks with exchange rate systems? An empirical investigation for Australia: 1973 to 1994.
Lee, Wai-Chee.
Take shelter from external shocks with exchange rate systems? An empirical investigation for Australia: 1973 to 1994.
- 126 p.
Source: Masters Abstracts International, Volume: 42-03, page: 0792.
Thesis (M.A.)--University of Southern California, 2003.
Flexible exchange rate systems have traditionally been viewed as capable of insulating an economy from foreign economic shocks. This study provides some empirical evidence on whether such a conventional view of greater insulation and independence from external economic disturbances holds for the economy of Australia after she adopted a floating exchange rate system in 1983. The analysis is based on two simple contemporaneously over-identified structural vector autoregression (VAR) models (one for each period). The main findings of this study do not support the conventional view of complete and greater insulation after Australia adopted the flexible exchange rate system. Instead, there is evidence suggesting that the degree of insulation under flexible exchange rates depends on the source and nature of the foreign economic shock.Subjects--Topical Terms:
1017424
Economics, General.
Take shelter from external shocks with exchange rate systems? An empirical investigation for Australia: 1973 to 1994.
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Flexible exchange rate systems have traditionally been viewed as capable of insulating an economy from foreign economic shocks. This study provides some empirical evidence on whether such a conventional view of greater insulation and independence from external economic disturbances holds for the economy of Australia after she adopted a floating exchange rate system in 1983. The analysis is based on two simple contemporaneously over-identified structural vector autoregression (VAR) models (one for each period). The main findings of this study do not support the conventional view of complete and greater insulation after Australia adopted the flexible exchange rate system. Instead, there is evidence suggesting that the degree of insulation under flexible exchange rates depends on the source and nature of the foreign economic shock.
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