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The Theory of Exchange Rate Target Zones

✍ Scribed by Bernd Kempa; Michael Nelles


Book ID
118698980
Publisher
John Wiley and Sons
Year
1999
Tongue
English
Weight
571 KB
Volume
13
Category
Article
ISSN
0950-0804

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πŸ“œ SIMILAR VOLUMES


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✍ Bernd Kempa; Michael Nelles; Christian Pierdzioch πŸ“‚ Article πŸ“… 1999 πŸ› John Wiley and Sons 🌐 English βš– 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