Assessing target zone credibility. Mean reversion and devaluation expectations in the ERM, 1979-1992

European Economic Review

Volumn 37, Issue 4, 1993, Pages 763-793

  Svensson, Lars E O ^a  

^a STOCKHOLM UNIVERSITY   (Sweden)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 43949169857     PISSN: 00142921     EISSN: None     Source Type: Journal    
DOI: 10.1016/0014-2921(93)90087-Q     Document Type: Article

References (25)

1. Target zones and realignments
2. Stochastic devaluation risk and the empirical fit of target-zone models
3. Estimating expected exchange rates under target zones
4. An empirical exploration of exchange rate target-zones
5. The European Monetary System: Credible at last?
6. Asymmetries and realignments in the EMS
7. Anomalies Foreign exchange
8. European monetary reform Progress and prospects
9. Target zone models and the intervention policy: The Swedish case
10. Devaluation expectations: The Swedish Krona 1982–1991
11. The Great Crash the oil price shock and the unit root hypothesis
12. Time series regression with a unit root
13. Expected and predicted realignments: The FF/DM exchange rate during the EMS
14. The term structure of interest rate differentials in a target zone: Theory and Swedish data
15. The simplest test of target zone credibility
16. The foreign exchange risk premium in a target zone with devaluation risk
17. Why exchange rate bands? Monetary independence in spite of a fixed exchange rate
18. An interpretation of recent research on exchange rate target zones
19. The European Monetary System: Developments and perspectives
20. Reputation and credibility in the European Monetary System