Entering an Preannounced Currency Band

Masaki Ichikawa, Marcus Miller and Alan Sutherland ()

No 268382, Economic Research Papers from University of Warwick - Department of Economics

Abstract: Krugman (1988) provides a stationary characterisation of an exchange rate inside a currency band. Here we derive the non-stationary solution for a floating exchange rate which applies when currency dealers expect such a band to be imposed at a known future date.

Keywords: Financial Economics; International Relations/Trade (search for similar items in EconPapers)
Pages: 12
Date: 1990-03-03
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Citations: View citations in EconPapers (1)

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Related works:
Journal Article: Entering a preannounced currency band (1990)
Working Paper: ENTERING AN PREANNOUNCED CURRENCY BAND (1990)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uwarer:268382

DOI: 10.22004/ag.econ.268382

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