Related Books
Language: en
Pages: 68
Pages: 68
Type: BOOK - Published: 1990 - Publisher:
The recent theory of exchange rate dynamics within a target zone holds that exchange rates under a currency bard are less responsive to fundamental shocks than
Language: en
Pages: 528
Pages: 528
Type: BOOK - Published: 1994 - Publisher: MIT Press
The papers in this book are grouped into three sections: the first on price bubbles is primarily financial; the second on speculative attacks (on exchange rate
Language: en
Pages: 1146
Pages: 1146
Type: BOOK - Published: 1997-09-10 - Publisher: International Monetary Fund
Over the past few decades, a clear trend has emerged worldwide toward the devolution of spending and, to a lesser extent, revenue-raising responsibilities to st
Language: en
Pages: 24
Pages: 24
Type: BOOK - Published: 1989-04-06 - Publisher: International Monetary Fund
In this paper we generalize the target zone exchange rate as model formalized by Krugman (1988b). The main contributions of these pages consist of linking the r
Language: en
Pages: 30
Pages: 30
Type: BOOK - Published: 1998-11-01 - Publisher: International Monetary Fund
We present a model of a “soft” exchange rate target zone and interpret it as a stylized description of the post-August 1993 ERM. Our central bank targets a