An Interest Rate Defense of a Fixed Exchange Rate? /

Defending a government's exchange-rate commitment with active interest rate policy is not an option in the Krugman-Flood-Garber (KFG) model of speculative attacks. In that model, the interest rate is the passive reflection of currency-depreciation expectations. In this paper we show how to adap...

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Bibliografische gegevens
Hoofdauteur: Jeanne, Olivier
Andere auteurs: Flood, Robert
Formaat: Tijdschrift
Taal:English
Gepubliceerd in: Washington, D.C. : International Monetary Fund, 2000.
Reeks:IMF Working Papers; Working Paper ; No. 2000/159
Online toegang:Full text available on IMF