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Realignment Expectations, Forward Rate Bias, and Sterilized Intervention in an Adjustable Peg Exchange Rate Model with Policy Optimization

1994-02-01 Business & Economics
Download Realignment Expectations, Forward Rate Bias, and Sterilized Intervention in an Adjustable Peg Exchange Rate Model with Policy Optimization PDF Online Free

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Release : 1994-02-01
Genre : Business & Economics
Kind : eBook
Book Rating : 043/5 ( reviews)

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Book Synopsis Realignment Expectations, Forward Rate Bias, and Sterilized Intervention in an Adjustable Peg Exchange Rate Model with Policy Optimization by : Mr.Peter Isard

Download or read book Realignment Expectations, Forward Rate Bias, and Sterilized Intervention in an Adjustable Peg Exchange Rate Model with Policy Optimization written by Mr.Peter Isard. This book was released on 1994-02-01. Available in PDF, EPUB and Kindle. Book excerpt: The paper models an adjustable peg exchange rate arrangement as a policy rule with an escape clause under which the timing and magnitudes of realignments are the outcomes of policy optimization decisions. Under the assumptions that market participants are rational, risk averse, and fully informed about the incentives of policymakers, the analysis focuses on the implications for relating realignment expectations to the state variables that enter the policy objective function, for modeling the bias in using forward exchange rates to predict future spot rates, and for characterizing the effectiveness of sterilized intervention.

Realignment Expectations, Forward Rate Bias, and Sterilized Intervention in an Adjustable Peg Exchange Rate Model with Policy Optimization

2006
Download Realignment Expectations, Forward Rate Bias, and Sterilized Intervention in an Adjustable Peg Exchange Rate Model with Policy Optimization PDF Online Free

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Release : 2006
Genre :
Kind : eBook
Book Rating : /5 ( reviews)

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Book Synopsis Realignment Expectations, Forward Rate Bias, and Sterilized Intervention in an Adjustable Peg Exchange Rate Model with Policy Optimization by : Peter Isard

Download or read book Realignment Expectations, Forward Rate Bias, and Sterilized Intervention in an Adjustable Peg Exchange Rate Model with Policy Optimization written by Peter Isard. This book was released on 2006. Available in PDF, EPUB and Kindle. Book excerpt: The paper models an adjustable peg exchange rate arrangement as a policy rule with an escape clause under which the timing and magnitudes of realignments are the outcomes of policy optimization decisions. Under the assumptions that market participants are rational, risk averse, and fully informed about the incentives of policymakers, the analysis focuses on the implications for relating realignment expectations to the state variables that enter the policy objective function, for modeling the bias in using forward exchange rates to predict future spot rates, and for characterizing the effectiveness of sterilized intervention.

Realignment expectations, former rate bias, and sterilized intervention in an adjustable peg exchange rate model with policy optimization

1994
Download Realignment expectations, former rate bias, and sterilized intervention in an adjustable peg exchange rate model with policy optimization PDF Online Free

Author :
Release : 1994
Genre :
Kind : eBook
Book Rating : /5 ( reviews)

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Book Synopsis Realignment expectations, former rate bias, and sterilized intervention in an adjustable peg exchange rate model with policy optimization by :

Download or read book Realignment expectations, former rate bias, and sterilized intervention in an adjustable peg exchange rate model with policy optimization written by . This book was released on 1994. Available in PDF, EPUB and Kindle. Book excerpt:

Realignment Expectations, Foward Rate Bias, and Sterilized Intervention in an Adjustable Peg Exchange Rate Model with Policy Optimization

1994
Download Realignment Expectations, Foward Rate Bias, and Sterilized Intervention in an Adjustable Peg Exchange Rate Model with Policy Optimization PDF Online Free

Author :
Release : 1994
Genre :
Kind : eBook
Book Rating : /5 ( reviews)

GET EBOOK


Book Synopsis Realignment Expectations, Foward Rate Bias, and Sterilized Intervention in an Adjustable Peg Exchange Rate Model with Policy Optimization by : Peter Isard

Download or read book Realignment Expectations, Foward Rate Bias, and Sterilized Intervention in an Adjustable Peg Exchange Rate Model with Policy Optimization written by Peter Isard. This book was released on 1994. Available in PDF, EPUB and Kindle. Book excerpt:

Working Paper Summaries (WP/94/1 - WP/94/76)

1994-08-01 Business & Economics
Download Working Paper Summaries (WP/94/1 - WP/94/76) PDF Online Free

Author :
Release : 1994-08-01
Genre : Business & Economics
Kind : eBook
Book Rating : 956/5 ( reviews)

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Book Synopsis Working Paper Summaries (WP/94/1 - WP/94/76) by : International Monetary Fund

Download or read book Working Paper Summaries (WP/94/1 - WP/94/76) written by International Monetary Fund. This book was released on 1994-08-01. Available in PDF, EPUB and Kindle. Book excerpt: The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and national and international economic developments.

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