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A magyar árfolyamrendszer egy elméleti kerete
[A theoretical framework for the Hungarian exchange rate system]

Author

Listed:
  • Mikolasek, András

Abstract

Az tanulmány arra keresi a választ, hogyan alkalmazható a sávos árfolyamrendszerek vizsgálatára a kilencvenes években kialakított elemzési keret, ha a hazai gyakorlatot jellemző csúszó árfolyam-leértékelést is figyelembe kívánjuk venni. Megmutatja, hogy a sávos árfolyamrendszerek kapcsán megfogalmazott tételek hogyan alakulnak ebben az esetben. Ezen túl a szerző néhány példával illusztrálja az elemzési eszköz használatát.

Suggested Citation

  • Mikolasek, András, 1998. "A magyar árfolyamrendszer egy elméleti kerete [A theoretical framework for the Hungarian exchange rate system]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(9), pages 803-815.
    • Handle: RePEc:ksa:szemle:185
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    References listed on IDEAS

    as
    1. Robert P. Flood & Peter M. Garber, 1991. "The Linkage Between Speculative Attack and Target Zone Models of Exchange Rates," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 106(4), pages 1367-1372.
    2. Giuseppe Bertola & Lars E. O. Svensson, 1993. "Stochastic Devaluation Risk and the Empirical Fit of Target-Zone Models," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 60(3), pages 689-712.
    3. Dixit, Avinash, 1991. "A simplified treatment of the theory of optimal regulation of Brownian motion," Journal of Economic Dynamics and Control, Elsevier, vol. 15(4), pages 657-673, October.
    4. Paul R. Krugman, 1991. "Target Zones and Exchange Rate Dynamics," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 106(3), pages 669-682.
    5. Bertola, Giuseppe & Caballero, Ricardo J, 1992. "Target Zones and Realignments," American Economic Review, American Economic Association, vol. 82(3), pages 520-536, June.
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    Cited by:

    1. Naszódi, Anna, 2004. "A sáveltolás árfolyamhatásának vizsgálata opciós modell keretei között [Target-zone rearrangement and exchange-rate behaviour in an options-based model]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(7), pages 638-658.

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    More about this item

    JEL classification:

    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • F31 - International Economics - - International Finance - - - Foreign Exchange

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