Exchange Rate Bands with Point Process Fundamentals /
This note derives closed form solutions for exchange rates in terms of fundamentals within a fully credible band exchange rate regime when the fundamentals are driven by Brownian motion and multiple point processes. The inclusion of point processes allows one to relax quite substantially the distrib...
| Autor principal: | |
|---|---|
| Formato: | Periódico |
| Idioma: | English |
| Publicado em: |
Washington, D.C. :
International Monetary Fund,
1990.
|
| coleção: | IMF Working Papers; Working Paper ;
No. 1990/108 |
| Acesso em linha: | Full text available on IMF |