Causes of appreciation and volatility of the dollar
William H. Branson
Abstract
William H. Branson
Abstract
Introduction and summary In 1981 real interest rates in the United States increased spectacularly, and the dollar appreciated in real terms by about 20 percent. Since the end of 1981, long-term real interest rates have remained in the range of five to ten percent, with nominal long rates above short rates. This suggests that the
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Introduction and summary In 1981 real interest rates in the United States increased spectacularly, and the dollar appreciated in real terms by about 20 percent. Since the end of 1981, long-term real interest rates have remained in the range of five to ten percent, with nominal long rates above short rates. This suggests that the
Key concepts: Volatility (finance), Liberian dollar, Economics, Monetary economics, Financial economics, Econometrics, Finance