Partial Delegation in a Model of Currency Crisis

Stressing the inßuence of expected devaluation on currency crises, this paper shows that, in a fixed exchange-rate system with an escape clause, partial delegation of exchange-rate policy to an inßation-averse central banker reduces the probability of crisis.

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Year of publication:	2002-03
Authors:	Boinet, Virginie
Institutions:	Economics and Finance Section, School of Social Sciences, Brunel University

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Extent:	application/pdf
Series:	Public Policy Discussion Papers.
Type of publication:	Book / Working Paper
Notes:	7 pages
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005761343