Sustaining Fixed Exchange Rates : A Model with Debt and Institutions /

Fixed exchange rate regimes have come into disrepute, as their defense has become all but impossible. Yet, while a determined attack on a currency cannot be prevented or, ultimately, withstood, policies can reduce the vulnerability of a country to such attacks. The paper develops an analytical frame...

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Bibliographic Details
Main Author: Pitt, Alexander
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2001.
Series:IMF Working Papers; Working Paper ; No. 2001/027
Online Access:Full text available on IMF