The Simplest Test of Target Zone Credibility

The Simplest Test of Target Zone Credibility

Nopic
Under the assumption of no arbitrage exchange rate target zone credibility is tested by whether domestic interest rates fall within “rate-of-return bands” between the maximum and minimum home-currency rate of return on a foreign investment absent a devaluation. Under the assumption of uncovered interest rate parity... READ MORE...

Publication date: November 1990
ISBN 9781451947007
$10.00

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Publication date: November 1990

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