Speculative Attacks and the Credibility of Exchange Rate Regime (notice n° 205593)
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fixed length control field | 01229cam a2200169 4500500 |
005 - DATE AND TIME OF LATEST TRANSACTION | |
control field | 20250112052237.0 |
041 ## - LANGUAGE CODE | |
Language code of text/sound track or separate title | fre |
042 ## - AUTHENTICATION CODE | |
Authentication code | dc |
100 10 - MAIN ENTRY--PERSONAL NAME | |
Personal name | Allegret, Jean-Pierre |
Relator term | author |
245 00 - TITLE STATEMENT | |
Title | Speculative Attacks and the Credibility of Exchange Rate Regime |
260 ## - PUBLICATION, DISTRIBUTION, ETC. | |
Date of publication, distribution, etc. | 2001.<br/> |
500 ## - GENERAL NOTE | |
General note | 13 |
520 ## - SUMMARY, ETC. | |
Summary, etc. | Since the Asian and Brazilian exchange rate crises have occurred, the reaction of authorities has been the subject of an intense debate. Indeed, coping with a speculative attack, domestic authorities both increase interest rates and contract fiscal policy. It appears that such a combination of policy instruments is counterproductive. This paper analyses the credibility of the policy-mix used by authorities. But, opposite to traditional credibility models, fiscal policy is explicitly introduced in the loss function of the authorities. The model suggests that a restrictive fiscal policy is not necessary a credible decision to defence the exchange rate target. Classification JEL: E5; E6; F4 |
700 10 - ADDED ENTRY--PERSONAL NAME | |
Personal name | Calès, Marie-Noëlle |
Relator term | author |
786 0# - DATA SOURCE ENTRY | |
Note | Revue économique | 52 | 2 | 2001-03-01 | p. 249-264 | 0035-2764 |
856 41 - ELECTRONIC LOCATION AND ACCESS | |
Uniform Resource Identifier | <a href="https://shs.cairn.info/journal-revue-economique-2001-2-page-249?lang=en">https://shs.cairn.info/journal-revue-economique-2001-2-page-249?lang=en</a> |
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