The Simplest Test of Target Zone Credibility : The Simplest Test of Target Zone Credibility.
Under the assumption of no arbitrage exchange rate target zone credibility is tested by whether domestic interest rates fall within "rate-of-return bands" between the maximum and minimum home-currency rate of return on a foreign investment absent a devaluation. Under the assumption of unco...
| 企业作者: | |
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| 格式: | 杂志 |
| 语言: | English |
| 出版: |
Washington, D.C. :
International Monetary Fund,
1990.
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| 丛编: | IMF Working Papers; Working Paper ;
No. 1990/106 |
| 主题: | |
| 在线阅读: | Full text available on IMF |