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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Detalhes bibliográficos
Autor principal: Werner, Alejandro
Formato: Periódico
Idioma:English
Publicado em: Washington, D.C. : International Monetary Fund, 1995.
Colecção:IMF Working Papers; Working Paper ; No. 1995/114
Acesso em linha:Full text available on IMF