Stochastic Devaluation Risk and the Empirical Fit of Target Zone Models
收藏NBER1991-01-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w3576
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资源简介：
This paper proposes a tractable and realistic nonlinear model of exchange rate dynamics, and argues that its predictions are consistent with available empirical evidence on exchange rate and interest differential behavior in real-life target zones. In our model, the exchange rate fluctuates between
提供机构：
美国国家经济研究局
创建时间：
1991-01-01
