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Target zones and wealth effects: Current account implications of alternative policy assignments
Tirelli, Patrizio - In: Open Economies Review 2 (1991) 1, pp. 65-82
This paper evaluates the current-account implications of coordinated disinflationary policy in a two-country framework, when fiscal policy is assigned to control inflation and monetary policy is used to hold down the exchange rate at its “target zone†level. The performance of an...
Persistent link: https://www.econbiz.de/10005715222
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Target zones in history and theory : lessons from an Austro-Hungarian experiment (1896-1914)
Flandreau, Marc; Komlos, John - 2003
, such as the ERM, this policy was not undermined by credibility problems. The episode provides an ideal testing ground for …
Persistent link: https://www.econbiz.de/10010440947
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Target Zones in History and Theory: Lessons from an Austro-Hungarian Experiment (1896-1914)
Flandreau, Marc; Komlos, John - 2003
, such as the ERM, this policy was not undermined by credibility problems. The episode provides an ideal testing ground for …
Persistent link: https://www.econbiz.de/10010427366
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On the sustainability of exchange rate target zones with central parity realignments
Martínez-García, Enrique - In: Economics letters 134 (2015), pp. 86-89
Persistent link: https://www.econbiz.de/10011432313
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How Tight Should One's Hands Be Tied? Fear of Floating and Credibility of Exchange Rate Regimes
López, Jesús Rodríguez; Mendizábal, Hugo Rodríguez - Barcelona Graduate School of Economics (Barcelona GSE) - 2003
This paper analyzes the linkages between the credibility of a target zone regime, the volatility of the exchange rate … the band width induces a trade-off between credibility and volatility. Narrower bands should give less scope for the …
Persistent link: https://www.econbiz.de/10010547186
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How Tight Should Central Bank’s Hands be Tied? Credibility, Volatility and the Optimal Band Width of a Target Zone.
López, Jesús Rodríguez; Mendizábal, Hugo Rodríguez - Centro de Estudios Andaluces, Government of Andalusia - 2003
This paper analyzes the linkages between the credibility of a target zone regime, the volatility of the exchange rate … the band width induces a trade-off between credibility and volatility. Narrower bands give less scope for the exchange …
Persistent link: https://www.econbiz.de/10005063189
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How Tight Should One's Hands be Tied? Fear of Floating and the Credibility of Exchange Rate Regimes
Rodríguez-López, Jesús; Mendizabal, Hugo Rodriguez - In: Topics in Macroeconomics 6 (2006) 1, pp. 1401-1401
between the credibility of the exchange rate regime, the volatility of the exchange rate, and the band width of fluctuations …
Persistent link: https://www.econbiz.de/10005046459
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Fundamentals and devaluation expectations in target zones: Some new evidence from the ERM
Siklos, Pierre; Tarajos, Rod - In: Open Economies Review 7 (1996) 1, pp. 35-59
The credibility of exchange rate target zones for four EMS countries for the period March 1979-September 1992 is …
Persistent link: https://www.econbiz.de/10005678803
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Regime de bandas, credibilidade e inflação: o caso brasileiro [Exchange rate target zones, credibility and inflation: the Brazilian case]
Seabra, Fernando; Silva, Josiane Kuhnen da - In: Nova Economia 8 (1998) 2, pp. 37-57
Persistent link: https://www.econbiz.de/10005685309
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How tight should one's hands be tied? Fear of floating and credibility of exchange regimes.
López, Jesús Rodríguez; Mendizábal, Hugo Rodríguez - Departamento de Economía, Universidad Pablo de Olavide - 2006
credibility of the exchange regime, the volatility of the exchange rate and the band width of fluctuation. Second, the model is …
Persistent link: https://www.econbiz.de/10005634784