01601cas a2200253 a 4500 AALejournalIMF000896 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451928853 1018-5941 BD-DhAAL BD-DhAAL Miller, Marcus. Currency Bands, Target Zones, and Cash Limits : Thresholds for Monetary and Fiscal Policy / Marcus Miller, Paul Weller. Washington, D.C. : International Monetary Fund, 1990. 1 online resource (42 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Exchange rate behavior is analyzed in the context of a stochastic rational expectations model in which there are random shocks to the price setting mechanism and in which the authorities choose to impose either nominal or real exchange rate bands. Results are compared to those which emerge from a simple monetary model subject to velocity shocks. The effects of a realignment of the Band, and of fiscal policy used in conjunction with monetary policy to defend the band, are also examined. Mode of access: Internet Weller, Paul. IMF Working Papers; Working Paper ; No. 1990/006 Full text available on IMF http://elibrary.imf.org/view/journals/001/1990/006/001.1990.issue-006-en.xml IMF e-Library