Exchange Rate Dynamics Under Stochastic Regime Shifts: A Unified Approach
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Techniques of regulated Brownian motion are used to analyze the behavior of the exchange rate when official policy reaction functions are subject to future stochastic changes. We examine exchange-rate dynamics in alternative cases where the authorities promise (i) to confine a floating rate within a
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美国国家经济研究局创建时间：
1989-02-01
