This paper develops a Bayesian approach to estimating exchange rate target zone models and rational expectations models in general. It also introduces a simultaneous-equation target zone model that incorporates stochastic realignment risk. Using FF/DM and IL/DM exchange rate data, we ยฎnd that the si
โฆ LIBER โฆ
Exchange Rate Dynamics in a Multilateral Target Zone
โ Scribed by Serrat, Angel
- Book ID
- 108533897
- Publisher
- John Wiley and Sons
- Year
- 2000
- Tongue
- English
- Weight
- 367 KB
- Volume
- 67
- Category
- Article
- ISSN
- 0034-6527
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