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NTIS 바로가기Journal of international financial markets, institutions & money, v.10 no.3/4, 2000년, pp.249 - 262
Torres, José (Tel.: +34-952-131247) , L (fax: +34-952-131299)
AbstractIn this paper, we develop an exchange rate target zone model with stochastic intramarginal interventions that generalizes Krugman's standard model. We assume that money supply changes are (negative) proportional to the velocity shocks. The model produces realistic patterns for the relationsh...
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