Target Zones and Interest Rate Variability /
The trade-off between interest rate variability and the width of an exchange rate target zone is examined, using the regulated Brownian motion model of target zones. The interest rate differential's asymptotic (unconditional) variability is increasing in the exchange rate band for narrow bands;...
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| Формат: | Журнал |
| Язык: | English |
| Опубликовано: |
Washington, D.C. :
International Monetary Fund,
1990.
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| Серии: | IMF Working Papers; Working Paper ;
No. 1990/031 |
| Online-ссылка: | Full text available on IMF |