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Fixed versus flexible exchange rates and the measurement of exchange rate instability
1 references·16 citing·41 second hop
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The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)
this work references cited by second hop

References

  • 1958Liquidity Preference as Behavior Towards Risk3,916 cited

Cited by

  • 1988Exchange Rate Variability and the Slowdown in Growth of International Trade653 cited
  • 1986Measuring and Analyzing the Effects of Short-Term Volatility in Real Exchange Rates442 cited
  • 2004A New Look at Exchange Rate Volatility and Trade Flows281 cited
  • 2002The Impact of G-3 Exchange Rate Volatility on Developing Countries49 cited
  • 1989The effects of exchange rate trends and volatility on export prices: Industry examples from Japan, Germany, and the United States31 cited
  • 2015Soft Power and Exchange Rate Volatility22 cited
  • 2012Exchange Rate Volatility and International Trade Flows in sub-Saharan Africa: Empirical Evidence19 cited
  • 2012Exchange Rate Volatility and its Impact on Industrial Production, Before and After the Introduction of Common Currency in Europe18 cited
  • 2005Exchange Rate Volatility and Trade Flows of the U.K. in 1990s17 cited
  • 2019Exchange rate volatility and industrial output growth in Nigeria17 cited
  • 2005Exchange rate uncertainty and trade growth?a comparison of linear and non-linear (forecasting) models17 cited
  • 2013DOES DOLLARIZATION ALLEVIATE OR AGGRAVATE EXCHANGE RATE VOLATILITY?14 cited
  • 2003On the (nonlinear) relationship between exchange rate uncertainty and trade — An investigation of US trade figures in the group of seven

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13 cited
  • 1998Exchange Rate Fluctuations and Trade Flows10 cited
  • 2004Exchange rate uncertainty, UK trade and the euro9 cited
  • 2007Impactos da volatilidade da taxa de câmbio no comércio setorial do Mercosul9 cited