The Linkage Between Speculative Attack and Target Zone Models of Exchange Rates.

In this paper we generalize the target zone exchange rate as model formalized by Krugman (1988b). The main contributions of these pages consist of linking the recent developments in the theory of target zones to the mirror image theory of speculative attacks on asset price fixing regimes and in usin...

وصف كامل

التفاصيل البيبلوغرافية
مؤلف مشترك: International Monetary Fund
التنسيق: دورية
اللغة:English
منشور في: Washington, D.C. : International Monetary Fund, 1989.
سلاسل:IMF Working Papers; Working Paper ; No. 1989/030
الوصول للمادة أونلاين:Full text available on IMF
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110 2 |a International Monetary Fund. 
245 1 4 |a The Linkage Between Speculative Attack and Target Zone Models of Exchange Rates. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 1989. 
300 |a 1 online resource (24 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a In this paper we generalize the target zone exchange rate as model formalized by Krugman (1988b). The main contributions of these pages consist of linking the recent developments in the theory of target zones to the mirror image theory of speculative attacks on asset price fixing regimes and in using aspects of that linkage to give an intuitive interpretation to the 'smooth pasting' condition often invoked as a terminal condition. We aim to unify these two literatures by showing that the solution concepts in both are identical. 
538 |a Mode of access: Internet 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 1989/030 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/1989/030/001.1989.issue-030-en.xml  |z IMF e-Library