Journal Article
A new effective exchange rate index for the dollar and its implications for U.S. merchandise trade
Karamouzis, Nicholas V.; Anderson, Gerald H.; Skaperdas, Peter D. (1987-04)
An introduction to a new exchange-rate index to measure the foreign-exchange value of the dollar. The authors develop a model of U.S. merchandise trade, featuring the new index.
Economic Review , Issue Q II , Pages 2-23

Working Paper
Federal reserve credibility and the market's response to the weekly M1 announcements
Karamouzis, Nicholas V.; Gavin, William T. (1985)
A presentation of new evidence on the issue of Federal Reserve System credibility, examining the response pattern of asset prices to the weekly M1 announcements under different operating procedures and monetary policy regimes.
Working Papers (Old Series) , Paper 8502

Journal Article
The reserve market and the information content of M1 announcements
Karamouzis, Nicholas V.; Gavin, William T. (1985-01)
An analysis of the effect that monetary control arrangements have on the information content of the money stock announcements in the market for bank reserves.
Economic Review , Issue Q I , Pages 11-28

Journal Article
A correct value for the dollar?
Karamouzis, Nicholas V.; Humpage, Owen F. (1986-01)
A discussion of factors that affect determination of the dollar's value in foreign-exchange markets, with an emphasis on various interpretations of the concept of equilibrium.
Economic Commentary , Issue Jan

Journal Article
Should we return to fixed exchange rates?
Karamouzis, Nicholas V. (1984-09)
An examination of arguments for and against the suggestion that nations should return to a Bretton Woods-type system of fixed exchange rates.
Economic Commentary , Issue Sep

Working Paper
Monetary policy and real interest rates: new evidence from the money stock announcements
Karamouzis, Nicholas V.; Gavin, William T. (1984)
This paper presents new evidence on how asset prices respond to new information about the money stock. It shows that the information content of money stock announcements and the response of asset prices to new information in the announcements vary with changes in the monetary policy regime, the Federal Reserve operating procedures, and the reserve accounting rules. While previous studies have examined how asset prices respond to the money stock announcements under the interest-rate targeting procedure and the nonborrowed reserve procedure, we have included new evidence from the borrowed ...
Working Papers (Old Series) , Paper 8406

Journal Article
Target zones for exchange rates?
Karamouzis, Nicholas V.; Humpage, Owen F. (1986-08)
An examination of proposals to improve the international monetary system by creating central exchange rates and a discussion of why such a policy might not be in the best interest of the United States.
Economic Commentary , Issue Aug

Journal Article
Lessons from the European Monetary System
Karamouzis, Nicholas V. (1987-08)
A description of the exchange-rate mechanism of the European Monetary System and a discussion of some problems with the mechanism that apply to the operation of any target-zone system for maintaining exchange rates.
Economic Commentary , Issue Aug

Journal Article
The dollar in the eighties
Karamouzis, Nicholas V.; Humpage, Owen F. (1985-09)
An analysis of exchange-rate patterns and a discussion of factors thought to influence the strength of the dollar in the foreign exchange market.
Economic Commentary , Issue Sep