Article | Journal of International Economics | November 1991

Exchange-rate Dynamics under Stochastic Regime Shifts: A Unified Approach

by K. A. Froot and M. Obstfeld

Keywords: Currencies; Exchange rates; International macroeconomics; monetary policy; Currency controls; Fixed exchange rates; Floating exchange rates; Currency bands; Currency zones; Currency areas; rational expectations; Asset Pricing;

Citation:

Froot, K. A., and M. Obstfeld. "Exchange-rate Dynamics under Stochastic Regime Shifts: A Unified Approach." Journal of International Economics 31 (November 1991): 203–230. (Revised from NBER Working Paper No. 2835, February 1989.)