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Title: |
Measuring Exchange Market Pressure and the Degree of Exchange Market
Intervention for the Greek Drachma |
| Author: |
Apergis,
Nicholas; Eleftheriou, Sophia |
| Author
Affiliation: |
U Ioannina;
Thessaloniki Stock Exchange Center |
| Source: |
International Economic Journal, Autumn 2002, v. 16, no. 3, pp. 135-145 |
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Publication Date: |
Autumn 2002 |
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Abstract: |
This paper
presents exchange market pressure and intervention indices that can be
applied as tools for policy analysis in the case of Greece. A small open
economy model is presented that helps to assess Greek exchange rate
policy, within a framework characterized for a strong preference to
eliminate excessive exchange rate volatility to meet the Maastricht
criteria of low inflation and a fixed domestic currency. |
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