Currency Crises and Foreign Reserves : A Simple Model /
This paper addresses the important question of how far a government will run down its stock of foreign reserves in a defense of a fixed exchange rate. An optimizing model of currency crisis is presented in which the decision of whether or not to borrow in a defense of a peg is explicitly analyzed. T...
| मुख्य लेखक: | |
|---|---|
| स्वरूप: | पत्रिका |
| भाषा: | English |
| प्रकाशित: |
Washington, D.C. :
International Monetary Fund,
2001.
|
| श्रृंखला: | IMF Working Papers; Working Paper ;
No. 2001/018 |
| ऑनलाइन पहुंच: | Full text available on IMF |