Assessing Target Zone Credibility : Mean Reversion and Devaluation Expectations in the EMS /
The paper presents estimates of devaluation expectations for six EMS currencies relative to the Deutsche mark, for the period March 1979-May 1990. The estimation method is simple and operational, and consistently generates sensible results. The estimates are constructed by the adjusting interest rat...
| मुख्य लेखक: | |
|---|---|
| स्वरूप: | पत्रिका |
| भाषा: | English |
| प्रकाशित: |
Washington, D.C. :
International Monetary Fund,
1991.
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| श्रृंखला: | IMF Working Papers; Working Paper ;
No. 1991/096 |
| ऑनलाइन पहुंच: | Full text available on IMF |