Private Information and the Monetary Model of Exchange Rates: Evidence from a Novel Data Set

dc.contributor.authorChinn, Menzie D.en_US
dc.contributor.authorMoore, Michael J.en_US
dc.date.accessioned2009-09-09T17:57:11Z
dc.date.available2009-09-09T17:57:11Z
dc.date.issued2008en_US
dc.description.abstractThe authors propose an exchange rate model which is a hybrid of the conventional monetary specification and the Evans-Lyons microstructure approach. It argues that the failure of the monetary model is principally due to private preference shocks which render the demand for money unstable.en_US
dc.identifier.other2008-011en_US
dc.identifier.urihttp://digital.library.wisc.edu/1793/36242
dc.language.isoen_USen_US
dc.relation.ispartofseriesLa Follette School Working Papersen_US
dc.titlePrivate Information and the Monetary Model of Exchange Rates: Evidence from a Novel Data Seten_US
dc.typeWorking paperen_US

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