Optimal and Sustainable Exchange Rate Regimes : A Simple Game-Theoretic Approach

A Simple Game-Theoretic Approach

Optimal and Sustainable Exchange Rate Regimes : A Simple Game-Theoretic Approach
This paper examines the question of how to design an optimal and sustainable exchange rate regime in a world economy of two interdependent countries. It develops a Barro-Gordon type two-country model and compares noncooperative equilibria under different assumptions of monetary policy credibility and different exchange rate regimes. Using a... READ MORE...

Publication date: November 1992
ISBN 9781451852325
$15.00

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