Zahir Antia - Latest

• International Financial Crises and Flexible Exchange Rates: Some Policy Lessons from Canada

  Technical Report No. 88 John Murray, Mark Zelmer, Zahir Antia

  This paper examines the behaviour of the Canadian dollar from 1997 to 1999 to see if there is any evidence of excess volatility or significant overshooting. A small econometric model of the exchange rate, based on market fundamentals, is presented and used to make tentative judgments about the extent to which the currency might have been systematically over- or undervalued.

  Content Type(s): Staff research, Technical reports Topic(s): Exchange rate regimes, Exchange rates JEL Code(s): F, F3, F31

• Canada's Exchange Rate Regime and North American Economic Integration: The Role of Risk-Sharing Mechanisms

  Staff Working Paper 1999-17 Zahir Antia, Ramdane Djoudad, Pierre St-Amant

  Our contribution in this paper is threefold. First, we survey the empirical literature on consumption smoothing mechanisms of regional economic shocks. Second, building on the work of Asdrubali et al. (1996), we present evidence on the role played by various smoothing mechanisms for specific economic shocks affecting Canadian provinces. Third, we assess whether smoothing mechanisms […]

  Content Type(s): Staff research, Staff working papers Topic(s): Exchange rate regimes, Exchange rates JEL Code(s): F, F3, F33, F36, G, G1, G15