Currency Bands, Target Zones, and Cash Limits : Thresholds for Monetary and Fiscal Policy /

Exchange rate behavior is analyzed in the context of a stochastic rational expectations model in which there are random shocks to the price setting mechanism and in which the authorities choose to impose either nominal or real exchange rate bands. Results are compared to those which emerge from a si...

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Bibliografski detalji
Glavni autor: Miller, Marcus
Daljnji autori: Weller, Paul
Format: Žurnal
Jezik:English
Izdano: Washington, D.C. : International Monetary Fund, 1990.
Serija:IMF Working Papers; Working Paper ; No. 1990/006
Online pristup:Full text available on IMF
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245 1 0 |a Currency Bands, Target Zones, and Cash Limits :   |b Thresholds for Monetary and Fiscal Policy /  |c Marcus Miller, Paul Weller. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 1990. 
300 |a 1 online resource (42 pages) 
490 1 |a IMF Working Papers 
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500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a Exchange rate behavior is analyzed in the context of a stochastic rational expectations model in which there are random shocks to the price setting mechanism and in which the authorities choose to impose either nominal or real exchange rate bands. Results are compared to those which emerge from a simple monetary model subject to velocity shocks. The effects of a realignment of the Band, and of fiscal policy used in conjunction with monetary policy to defend the band, are also examined. 
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700 1 |a Weller, Paul. 
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856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/1990/006/001.1990.issue-006-en.xml  |z IMF e-Library