Limit search to available items
Book Cover
Author Miller, Marcus, 1941- author

Title Currency bands, target zones, and cash limits : thresholds for monetary and fiscal policy / prepared by Marcus Miller and Paul Weller
Published Washington, D.C. : International Monetary Fund, European Department, 1990
Online access available from:
IMF eLibrary    View Resource Record  


Description 1 online resource (iii, 22 pages) : illustrations
Series IMF working paper ; WP/90/6
IMF working paper ; WP/90/6
Summary Annotation Exchange rate behavior is analyzed in the context of a stochastic rational expectations model in which there are random shocks to the price setting mechanism and in which the authorities choose to impose either nominal or real exchange rate bands. Results are compared to those which emerge from a simple monetary model subject to velocity shocks. the effects of a realignment of the Band, and of fiscal policy used in conjunction with monetary policy to defend the band, are also examined
Notes Available in PDF, ePUB, and Mobi formats on the Internet
Online resource; title from PDF title page (IMF, viewed September 9, 2014)
Subject Foreign exchange -- Mathematical models.
Form Electronic book
Author Weller, Paul (Economist), author
International Monetary Fund, issuing body
ISBN 1455260428