Target Zones and Realignment Expectations : The Israeli and Mexican Experience /

This paper studies the Mexican and Israeli experience with a target zone. The first part of the paper develops a model of exchange rate determination under a target zone regime with stochastic realignments, and examines the conditions under which the adoption of the target zone, instead of a fixed e...

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Hlavní autor: Werner, Alejandro
Médium: Časopis
Jazyk:English
Vydáno: Washington, D.C. : International Monetary Fund, 1995.
Edice:IMF Working Papers; Working Paper ; No. 1995/114
On-line přístup:Full text available on IMF