The instability of fixed exchange rate systems when raising the nominal interest rate is costly-Reference-Cited by-同舟云学术

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The instability of fixed exchange rate systems when raising the nominal interest rate is costly

Published:1997-08 Issue:8 Volume:41 Page:1461-1478
ISSN:0014-2921
Container-title:European Economic Review
language:en
Short-container-title:European Economic Review

Author:

Bensaid Bernard,Jeanne Olivier

Publisher

Elsevier BV

Subject

Economics and Econometrics,Finance

Reference29 articles.

1. Exchange rates, interest rates, capital controls and the European Monetary System: Assessing the track record;Artis,1988

2. Intertemporal macroeconomics;Azariadis,1993

3. Rules, discretion and reputation in a model of monetary policy;Barro;Journal of Monetary Economics,1983

4. Why the EMS?: Dynamic games and the equilibrium policy regime;Begg,1987

5. The instability of fixed exchange rate systems when raising the nominal interest rate is costly;Bensaid,1994

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