Unconventional monetary policy and the 'currency wars'

被引:3
|
作者
Thornton, John [1 ,2 ]
di Tommaso, Caterina [3 ]
机构
[1] US Dept Treasury, Off Tech Assistance, 1750 Penn Ave NW, Washington, DC 20006 USA
[2] Bangor Univ, Sch Business, Coll Rd, Bangor LL57 2DG, Gwynedd, Wales
[3] Univ Calabria, Dept Econ, Commenda Di Rende, Italy
关键词
D O I
10.1016/j.frl.2018.02.010
中图分类号
F8 [财政、金融];
学科分类号
0202 ;
摘要
Employing a panel of exchange rates and a difference-in-difference methodology, we find that unconventional monetary policy (UMP) resulted in an increase in exchange rate volatility and weaker exchange rates in UMP-adopter countries relative to others.
引用
收藏
页码:250 / 254
页数:5
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