TY  - JOUR
AB  - Innovations – the unanticipated component – of the
Canadian market‐determined bank rate announcements have an immediate
impact on the bilateral Canadian/US dollar spot exchange rate, with the
sign of the impact depending on market perceptions of the monetary
policy regime in which the central bank is operating. The expected bank rate changes do not have a significant impact on the spot
rate. Moreover, a test of the “news” impact on the
Canadian/US dollar must include the relationship between the latter and
Deutschmark/ US$ spot rate, which is a proxy for the movement of
the US dollar against major offshore currencies.
VL  - 19
IS  - 2
SN  - 0144-3585
DO  - 10.1108/01443589210018419
UR  - https://doi.org/10.1108/01443589210018419
AU  - Apel Emmanuel
PY  - 1992
Y1  - 1992/01/01
TI  - The Canadian Market‐determined Bank Rate and the Bilateral
Canada/US Spot Exchange Rate
T2  - Journal of Economic Studies
PB  - MCB UP Ltd
Y2  - 2024/04/23
ER  -