Exchange rate variability, pressures and optimum currency areas : some empirical evidence from the 1990s

Abstract

This paper estimates the medium-term determinants of the bilateral exchange rate variability and exchange rate pressures for 20 developed countries in the 1990s. The results suggest that optimum currency area criteria explain the dynamics of bilateral exc

Keywords

• Exchange
• variability
• pressures
• optimum
• currency
• areas
• empirical
• evidence
• 1990s