EXCHANGE MARKET PRESSURE IN THE DOMINICAN REPUBLIC
Keywords:
Ciclismo indoor, quadríceps, isquiotibiais, agonistas, antagonistas.Abstract
This paper applies the Girton and Roper monetary model of exchange market pressure to the case of the Dominican Republic’s official exchange rate market. Remarkably,the results indicate a negative relationship between the growth of domestic output and exchange market pressure; i.e. output growth generates an appreciation of the domestic currency, an accumulation of foreign exchange reserves, or a combination of both. In contrast, higher rates of growth of the money multiplier increase exchange market pressure in the Dominican Republic, which implies a depreciation of the domestic currency, a loss of foreign exchange reserves, or a mixture of the two.Downloads
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