credibility of the crawling peg' and target zone ( maxiband') regimes governing the exchange rate. Since we do not impose an … one of the first to use options data from an emerging market, finds that target zone credibility was poor prior to …

occur for some levels of reserves or debt, but not for others. Lastly, we argue that the imperfect credibility of Mexican …

This paper deals with the relationship between country credibility and currency crises by using crosscountry pooled …, which is a global non-governmental organization devoted to combating corruption, as a proxy for country credibility. The … main findings from the multinomial logit models indicate that country credibility has a significant influence on currency …

rates, to assess the credibility of the Convertibility Zone since it was introduced in May 2005. The empirical evidence … suggests that the Hong Kong Monetary Authority has been successful in building a high degree of credibility in maintaining the …

lack verifiability, needed for credibility. Central banks announce intermediate targets such as exchange rates, so that the …