Browsing Department of Economics (ECO) by Author "JEANNE, Olivier"

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Browsing Department of Economics (ECO) by Author "JEANNE, Olivier"

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    Title: Noise Trading and Exchange Rate Regimes  Author(s): JEANNE, Olivier; ROSE, Andrew K. Date: 2002 Type of Publication: Article Abstract: Policy-makers often justify their choice of fixed exchange rate regimes as a shelter against nonfundamental influences in the foreign exchange market. This paper proposes a framework, based on endogenous noise trading, ...