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In honor of Paul Krugman : winner of the John Bates Clark Medal

Dixit, Avinash K. - In: The journal of economic perspectives : EP ; a journal … 7 (1993) 2, pp. 173-188

Persistent link: https://www.econbiz.de/10001146796

Target zones and exchange rate dynamics

Krugman, Paul R. - 1988

Persistent link: https://www.econbiz.de/10000755172

Target zones and exchange rate dynamics

Krugman, Paul R. - In: The quarterly journal of economics 106 (1991) 3, pp. 669-682

Persistent link: https://www.econbiz.de/10001110027

Target Zones and Exchange Rate Dynamics

Krugman, Paul R. - 1988

This paper develops a highly simplified model of exchange rate behavior within the band under a target zone regime. It shows that the expectation that authorities will defend the band exerts a stabilizing effect on exchange rate behavior within the band, even when the authorities are not...

Persistent link: https://www.econbiz.de/10012476586