The Linkage Between Speculative Attack and Target Zone Models of Exchange Rates:
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 recent developments in the theory of target zones to the mirror image theory of speculative attacks on asset price fixing regimes and in usin...
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| Corporate Author: | |
|---|---|
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Washington, D.C
International Monetary Fund
1989
|
| Series: | IMF Working Papers
Working Paper No. 89/30 |
| Online Access: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
| Summary: | 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 recent developments in the theory of target zones to the mirror image theory of speculative attacks on asset price fixing regimes and in using aspects of that linkage to give an intuitive interpretation to the "smooth pasting" condition often invoked as a terminal condition. We aim to unify these two literatures by showing that the solution concepts in both are identical |
| Physical Description: | 1 Online-Ressource (24 p) |
| ISBN: | 1451980183 9781451980189 |
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MARC
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| index_date | 2024-07-03T20:13:17Z |
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| spelling | International Monetary Fund Verfasser aut The Linkage Between Speculative Attack and Target Zone Models of Exchange Rates Washington, D.C International Monetary Fund 1989 1 Online-Ressource (24 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 89/30 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 recent developments in the theory of target zones to the mirror image theory of speculative attacks on asset price fixing regimes and in using aspects of that linkage to give an intuitive interpretation to the "smooth pasting" condition often invoked as a terminal condition. We aim to unify these two literatures by showing that the solution concepts in both are identical Online-Ausg International Monetary Fund Sonstige oth http://elibrary.imf.org/view/IMF001/14106-9781451980189/14106-9781451980189/14106-9781451980189.xml Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | The Linkage Between Speculative Attack and Target Zone Models of Exchange Rates |
| title | The Linkage Between Speculative Attack and Target Zone Models of Exchange Rates |
| title_auth | The Linkage Between Speculative Attack and Target Zone Models of Exchange Rates |
| title_exact_search | The Linkage Between Speculative Attack and Target Zone Models of Exchange Rates |
| title_exact_search_txtP | The Linkage Between Speculative Attack and Target Zone Models of Exchange Rates |
| title_full | The Linkage Between Speculative Attack and Target Zone Models of Exchange Rates |
| title_fullStr | The Linkage Between Speculative Attack and Target Zone Models of Exchange Rates |
| title_full_unstemmed | The Linkage Between Speculative Attack and Target Zone Models of Exchange Rates |
| title_short | The Linkage Between Speculative Attack and Target Zone Models of Exchange Rates |
| title_sort | the linkage between speculative attack and target zone models of exchange rates |
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