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

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NBER1989-04-01 更新2025-01-04 收录
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https://www.nber.org/papers/w2918
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In this paper we generalize the target zone exchange rate as model formalized by Krugman (1988b) to include finite-sized interventions in defense of the zone. The main contributions of these pages consist of linking the recent developments in the theory of target zones to the mirror-image theory of
创建时间:
1989-04-01
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