On the sustainability of exchange rate target zones with central parity realignments

DOI10.1016/j.econlet.2015.06.018zbMath1364.91102OpenAlexW3121268425MaRDI QIDQ529827

Enrique Martínez-García

Publication date: 9 June 2017

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

Full work available at URL: http://www.dallasfed.org/assets/documents/institute/wpapers/2015/0243.pdf

zbMATH Keywords

target zonesimperfect credibilitycentral parity realignmentdiscrete interventionnominal exchange rate

Mathematics Subject Classification ID

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

Cites Work

• Monetary policy in open economies: practical perspectives for pragmatic central bankers
• Stochastic Devaluation Risk and the Empirical Fit of Target-Zone Models
• The Essential Completeness of the Class of Generalized Sequential Probability Ratio Tests
• Variable Probability of Realignment in a Target Zone

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