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Exchange rates and target zone width

โœ Scribed by Alejandro M. Werner


Book ID
116101434
Publisher
Elsevier Science
Year
1992
Tongue
English
Weight
169 KB
Volume
40
Category
Article
ISSN
0165-1765

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โœ W.A. Razzak ๐Ÿ“‚ Article ๐Ÿ“… 1991 ๐Ÿ› Elsevier Science ๐ŸŒ English โš– 401 KB
Exchange rate target zones and stock pri
โœ Bernd Kempa; Michael Nelles; Christian Pierdzioch ๐Ÿ“‚ Article ๐Ÿ“… 1999 ๐Ÿ› John Wiley and Sons ๐ŸŒ English โš– 211 KB

We show how agents' rational expectations regarding the state-contingent activation of policy instruments do not only impact the asset price it is designed to affect but spill over onto the entire range of asset prices in an economy. We present an application to exchange rate target zones as a state