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Exchange rate targets and currency bands

Author: Paul R Krugman; M H Miller; Centre for Economic Policy Research (Grande-Bretagne); National Bureau of Economic Research.
Publisher: Cambridge [England] ; New York : Cambridge University Press, 1992.
Edition/Format:   Print book : Conference publication : EnglishView all editions and formats
Summary:

This volume examines the intersection between a new analytical approach and a real economic problem.

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Genre/Form: congrès
[congrès]
Material Type: Conference publication
Document Type: Book
All Authors / Contributors: Paul R Krugman; M H Miller; Centre for Economic Policy Research (Grande-Bretagne); National Bureau of Economic Research.
ISBN: 0521415330 9780521415330 0521435269 9780521435260
OCLC Number: 422842600
Notes: "Contains most of the papers presented at the conference on exchange rate targets and currency bands organized jointly by the Centre for Economic Policy Research and the National Bureau of Economic Research and held at the University of Warwick on 9-11 July 1990"--Preface.
Description: xxii, 247 p. : ill. ; 24 cm
Contents: 1. Editors' introduction Paul Krugman, and Marcus Miller; Part I. Modelling Currency Bands: 2. Exchange rates in a currency band: a sketch of the new approach Paul Krugman; Part II. Currency Bands: Extending the Model: 3. The linkage between speculative attack and target zone models of exchange rates: some extended results Robert P. Flood, and Peter M. Garber; Discussion Paul Weller; 4. Target zones, broad and narrow Francisco Delgado, and Bernard Dumas; Discussion Leonardo Bartolini; Part III. Regime Shifts: The Return to Gold and Ems Entry: 5. Stochastic process switching: some simple solutions; 6. Entering a preannounced currency band Masaki Ichikawa, Marcus Miller, and Alan Sutherland; 7. Britain's return to gold and entry into the EMS: joining conditions and credibility Marcus Miller, and Alan Sutherland; Discussion Gregor W. Smith; Part IV. Limited Reserves and Sustainability: 8. Speculative attacks on target zones Paul Krugman, and Julio Rotemberg; Discussion Bernard Dumas; 9. Anomalous speculative attacks on fixed exchange rate regimes: possible resolutions of the 'gold standard paradox' Willem H. Buiter, and Vittorio U. Grilli; Discussion Maurice Obstfeld; 10. Sustainable intervention policies and exchange rate dynamics Giuseppe Bertola, and Ricardo J. Caballero; Discussion Lars E. O. Svensson; Part V. Estimation and Testing: 11. Estimation and testing in models of exchange rate target zones and process switching Gregor W. Smith, and Michael G. Spencer; Discussion Hossein Samiei.
Other Titles: Currency bands
Responsibility: edited by Paul Krugman and Marcus Miller.
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"...to be welcomed as a timely dissemination of some of the essential contributions to the study of target zones." Karl Driessen, Finance & Development "In conclusion, the volume is an accurate Read more...

 
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