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...
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| Формат: | Журнал |
| Язык: | English |
| Опубликовано: |
Washington, D.C. :
International Monetary Fund,
1992.
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| Серии: | IMF Working Papers; Working Paper ;
No. 1992/100 |
| Online-ссылка: | Full text available on IMF |