Credibility, cost of reneging and the choice of fixed exchange rate regime.

DOI10.1016/S0165-1765(02)00085-XzbMath1050.91534OpenAlexW3125614685MaRDI QIDQ1608848

Bo Sandemann Rasmussen

Publication date: 13 August 2002

Published in: Economics Letters (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/s0165-1765(02)00085-x

zbMATH Keywords

CredibilityMultiple equilibriaCost of renegingFixed exchange rateMonetary union

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64)

Cites Work

• Shocks and the viability of a fixed exchange rate commitment

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