Duarte, António Portugal; Andrade, João Sousa; … - Grupo de Estudos Monetários e Financeiros (GEMF), … - 2010
This work selectively reviews the literature on exchange rate target zones and their theoretical and empirical … greater exchange rate stability. We discuss the main contributions of the first and second generations of exchange rate target … exchange rate target zone regimes, this line of research integrates target zones with alternative underlying economic models …