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Hurley, Margaret J. (1998) The scope for monetary independence in exchange rate target zones broad and narrow. Economics Letters, 59. pp. 97-105. ISSN 0165-1765
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Abstract
Placing limits on the movement of economic fundamentals in order to maintain an exchange rate within a target zone also
puts a target zone around interest rate differentials. The bandwidth of exchange rate and interest rate differentials target
zones will be different except at one point; it is suggested that this point gives a useful partitioning of target zones into broad
and narrow categories. For realistic parameter values, this occurs at an exchange rate target zone of plus or minus 3.2%.
| Item Type: | Article |
|---|---|
| Keywords: | Exchange rates; Target zones; Bandwidths; Monetary independence; Exchange rate mechanism bandwidths; Economics; target zones; exchange rate mechanism; exchange rates; monetary independence; |
| Academic Unit: | Faculty of Social Sciences > Economics, Finance and Accounting |
| Item ID: | 11414 |
| Identification Number: | 10.1016/S0165-1765(98)00007-X |
| Depositing User: | Margaret Hurley |
| Date Deposited: | 24 Oct 2019 15:33 |
| Journal or Publication Title: | Economics Letters |
| Publisher: | Elsevier |
| Refereed: | Yes |
| Related URLs: | |
| URI: | https://mural.maynoothuniversity.ie/id/eprint/11414 |
| Use Licence: | This item is available under a Creative Commons Attribution Non Commercial Share Alike Licence (CC BY-NC-SA). Details of this licence are available here |
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