Title of article
Reserve uncertainty and speculative attacks on target zones
Author/Authors
Fella، Giulio نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2001
Pages
-222
From page
223
To page
0
Abstract
Contrary to a peg, the sustainability of a currency band is enhanced by uncertainty about the availability of a secondary reserve. Furthermore, the critical size of reserves necessary to support a target zone is a decreasing function of the band upper boundary.
Keywords
FCC auctions
Journal title
Economics Letters
Serial Year
2001
Journal title
Economics Letters
Record number
21635
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