Econometrica: Sep 1973, Volume 41, Issue 5
Stabilization of the Canadian Dollar: 1952-1960
https://doi.org/0012-9682(197309)41:5<797:SOTCD1>2.0.CO;2-M
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