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Bibliographic Details
Main Author: Isard, Peter (Author)
Format: Electronic eBook
Language:English
Published: Washington, D.C International Monetary Fund 1994
Series:IMF Working Papers Working Paper No. 94/20
Links:http://elibrary.imf.org/view/IMF001/05568-9781451922042/05568-9781451922042/05568-9781451922042.xml
http://elibrary.imf.org/view/IMF001/05568-9781451922042/05568-9781451922042/05568-9781451922042.xml
http://elibrary.imf.org/view/IMF001/05568-9781451922042/05568-9781451922042/05568-9781451922042.xml
http://elibrary.imf.org/view/IMF001/05568-9781451922042/05568-9781451922042/05568-9781451922042.xml
http://elibrary.imf.org/view/IMF001/05568-9781451922042/05568-9781451922042/05568-9781451922042.xml
http://elibrary.imf.org/view/IMF001/05568-9781451922042/05568-9781451922042/05568-9781451922042.xml
http://elibrary.imf.org/view/IMF001/05568-9781451922042/05568-9781451922042/05568-9781451922042.xml
http://elibrary.imf.org/view/IMF001/05568-9781451922042/05568-9781451922042/05568-9781451922042.xml
http://elibrary.imf.org/view/IMF001/05568-9781451922042/05568-9781451922042/05568-9781451922042.xml
http://elibrary.imf.org/view/IMF001/05568-9781451922042/05568-9781451922042/05568-9781451922042.xml
http://elibrary.imf.org/view/IMF001/05568-9781451922042/05568-9781451922042/05568-9781451922042.xml
http://elibrary.imf.org/view/IMF001/05568-9781451922042/05568-9781451922042/05568-9781451922042.xml
http://elibrary.imf.org/view/IMF001/05568-9781451922042/05568-9781451922042/05568-9781451922042.xml
http://elibrary.imf.org/view/IMF001/05568-9781451922042/05568-9781451922042/05568-9781451922042.xml
http://elibrary.imf.org/view/IMF001/05568-9781451922042/05568-9781451922042/05568-9781451922042.xml
http://elibrary.imf.org/view/IMF001/05568-9781451922042/05568-9781451922042/05568-9781451922042.xml
http://elibrary.imf.org/view/IMF001/05568-9781451922042/05568-9781451922042/05568-9781451922042.xml
http://elibrary.imf.org/view/IMF001/05568-9781451922042/05568-9781451922042/05568-9781451922042.xml
http://elibrary.imf.org/view/IMF001/05568-9781451922042/05568-9781451922042/05568-9781451922042.xml
http://elibrary.imf.org/view/IMF001/05568-9781451922042/05568-9781451922042/05568-9781451922042.xml
http://elibrary.imf.org/view/IMF001/05568-9781451922042/05568-9781451922042/05568-9781451922042.xml
Abstract:The paper models an adjustable peg exchange rate arrangement as a policy rule with an escape clause under which the timing and magnitudes of realignments are the outcomes of policy optimization decisions. Under the assumptions that market participants are rational, risk averse, and fully informed about the incentives of policymakers, the analysis focuses on the implications for relating realignment expectations to the state variables that enter the policy objective function, for modeling the bias in using forward exchange rates to predict future spot rates, and for characterizing the effectiveness of sterilized intervention
Physical Description:1 Online-Ressource (32 p)
ISBN:1451922043
9781451922042