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pro vyhledávání: '"Andrew K. Rose"'
Autor:
Lars E. O. Svensson, Andrew K. Rose
Publikováno v:
International Finance Discussion Paper. 1991:1-37
An empirical model of time-varying realignment risk in an exchange rate target zone is developed. Expected rates of devaluation are estimated as the difference between interest rate differentials and estimated expected rates of depreciation within th