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Stabilité Des Marchés De Change Au Comptant Et À Terme : Une Approche D'équilibre Simultané*
| Content Provider | Semantic Scholar |
|---|---|
| Author | Casas, François |
| Copyright Year | 1983 |
| Abstract | The paper derives the static and dynamic stability conditions of the simultaneous short run equilibrium of the spot and forward exchange markets by analyzing the direct impact of changes in the two exchange rates on the behavior of the various market participants as well as the indirect impact of such changes through their effects on expectations. These stability conditions and the underlying behavioral analysis are crucial in determining the domestic repercussions of internal and external disturbances and the effectiveness of domestic policies. The paper also discusses the properties of the long run equilibrium of the foreign exchange market. L'article analyse la relation entre les marches de change a terme et au comptant. On obtient les conditions de stabilite statique et dynamique de l'equilibre simultane a court terme des deux marches a partir de l'etude de l'effet des variations des taux de change au comptant et a terme sur les decisions des participants dans les deux marches, directement et a travers l'impact de telles variations sur les anticipations. Ces conditions sont requises pour l'evaluation des effets de perturbations d'origine domestique ou etrangere et de ceux des politiques fiscales et monetaires. |
| Starting Page | 240 |
| Ending Page | 265 |
| Page Count | 26 |
| File Format | PDF HTM / HTML |
| DOI | 10.7202/601215ar |
| Volume Number | 59 |
| Alternate Webpage(s) | https://www.erudit.org/fr/revues/ae/1983-v59-n2-ae3330/601215ar.pdf |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
