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Reserve uncertainty and speculative attacks on target zones

โœ Scribed by Giulio Fella


Book ID
117331911
Publisher
Elsevier Science
Year
2001
Tongue
English
Weight
56 KB
Volume
70
Category
Article
ISSN
0165-1765

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๐Ÿ“œ SIMILAR VOLUMES


Speculative attacks on a monetary union?
โœ Michael Dooley ๐Ÿ“‚ Article ๐Ÿ“… 1998 ๐Ÿ› John Wiley and Sons ๐ŸŒ English โš– 109 KB

This paper develops the idea that full monetary union eliminates the channels through which private speculative attacks have typically ended fixed exchange rate regimes. Profitable speculation against the regime would require government actions following a regime change that are prohibitively costly