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http://bura.brunel.ac.uk/handle/2438/906| Title: | Partial delegation in a model of currency crisis |
| Authors: | Boinet, V |
| Keywords: | Currency crisis; Multiple equilibria; Credibility; Monetary delegation |
| Issue Date: | 2002 |
| Publisher: | Brunel University |
| Citation: | Economics and Finance Working papers, Brunel University, 02-07 |
| Abstract: | Stressing the inßuence of expected devaluation on currency crises, this paper shows that, in a Þxed exchange-rate system with an escape clause, partial delegation of exchange-rate policy to an inßation-averse central banker reduces the probability of crisis. |
| URI: | http://bura.brunel.ac.uk/handle/2438/906 |
| Appears in Collections: | Economics and Finance Dept of Economics and Finance Research Papers |
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