Stabilization Policy with Bands

This paper discusses stabilization policy in the presence of bands for the exchange rate. The bands are modelled in a probabilistic sense: monetary policy has to be such as to keep the probability, that the exchange rate stays within the bands, above a certain threshold. In contrast to other models... Full description

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Bibliographic Details
Published:	Washington, D.C. : International Monetary Fund, 1990
Persons:	Gros, Daniel -
Format:	Book / E-Book
Language:	English
Series:	IMF Working Papers
Physical description:	24 pages
ISBN:	9781451971644

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