Target zone dynamics where the fundamental follows a SDE with periodic forcing
This paper investigates exchange rate and reserves dynamics in a target zone where the fundamental follows a stochastic differential equation with a periodic forcing function. Solutions to the model show that the target zone plays a stabilizing role but the dynamics of the exchange rate follow a fam...
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| Format: | article |
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2006
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| Online Access: | http://hdl.handle.net/10725/3824 http://dx.doi.org/10.1016/j.physa.2005.08.013 http://libraries.lau.edu.lb/research/laur/terms-of-use/articles.php http://www.sciencedirect.com/science/article/pii/S0378437105008459 |
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