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Assessing Target Zone Credibility: Mean Reversion and Devaluation Expectations in the EMS

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Author Info
Lars E. O. Svensson

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Abstract

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Publisher Info
Paper provided by International Monetary Fund in its series IMF Working Papers with number 91/96.

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Date of creation: 01 Oct 1991
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Handle: RePEc:imf:imfwpa:91/96

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Related research
Keywords: Target zones Devaluation Exchange rate depreciation European Monetary System

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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)
  1. Milind Shrikhande, 1997. "The cost of doing business abroad and international capital market equilibrium," Working Paper 97-3, Federal Reserve Bank of Atlanta. [Downloadable!]
  2. Zhaohui Chen & Alberto Giovannini, 1993. "The Determinants of Realignment Expectations Under the EMS: Some Empirical Regularities," NBER Working Papers 4291, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  3. Zhaohui Chen & Alberto Giovannini, 1992. "Estimating Expected Exchange Rates Under Target Zones," NBER Working Papers 3955, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  4. Hans Lindberg & Lars E.O. Svensson & Paul Soderlind, 1991. "Devaluation Expectations: The Swedish Krona 1982-1991," NBER Working Papers 3918, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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