Exchange Rate Management and Stabilisation Policy

Keith Pilbeam
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Keith Pilbeam: City University

Chapter 2 in Exchange Rate Management: Theory and Evidence, 1991, pp 36-78 from Palgrave Macmillan

Abstract: Abstract Chapter 1 of this book dealt with the case for exchange rate management and argued that it can be justified under a variety of circumstances. In this second chapter, we explore in a more formal manner the question of the degree to which the authorities should intervene to manage the exchange rate. In particular, we focus on the factors that determine the optimal extent to which the authorities should manage the exchange rate.

Keywords: Exchange Rate; Money Demand; Nominal Wage; Foreign Exchange Market; Stabilisation Policy (search for similar items in EconPapers)
Date: 1991
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-11744-4_2

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DOI: 10.1007/978-1-349-11744-4_2

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