The monetary approach to official reserves and foreign exchange rate in France, 1962-1974

Jacques Mélitz (1) , Henri Sterdyniak (2)

1 School of Management & Languages
2 OFCE - Observatoire français des conjonctures économiques (Sciences Po)

Any test of the monetary approach centered on the period of fixed exchange rates would now be predominantly of historical interest. At the time of this study, however, experience with flexible exchange rates was still too short to permit concentrating econometric analysis exclusively on this more recent system (...).

Domains: Humanities and Social Sciences; Economics and Finance

Jacques Mélitz, Henri Sterdyniak. The monetary approach to official reserves and foreign exchange rate in France, 1962-1974. American Economic Review, 1979, 69 (5), pp.818-831. ⟨hal-01025312⟩