Optimal and Sustainable Exchange Rate Regimes : A Simple Game-Theoretic Approach /

This paper examines the question of how to design an optimal and sustainable exchange rate regime in a world economy of two interdependent countries. It develops a Barro-Gordon type two-country model and compares noncooperative equilibria under different assumptions of monetary policy credibility an...

Deskribapen osoa

Xehetasun bibliografikoak
Egile nagusia: Kawai, Masahiro
Formatua: Aldizkaria
Hizkuntza:English
Argitaratua: Washington, D.C. : International Monetary Fund, 1992.
Saila:IMF Working Papers; Working Paper ; No. 1992/100
Sarrera elektronikoa:Full text available on IMF