Exchange Rate Targets and Currency Bands by Paul Krugman, Mar... - 9780521435260

Cambridge University Press

Exchange Rate Targets and Currency BandsAuthor(s): Paul Krugman, Marcus Miller\nFormat: Paperback\nPublisher: Cambridge University Press, United Kingdom\nImprint: Cambridge University Press\nISBN-13: 9780521435260, 978-0521435260\nSynopsis\nResearch programmes in economics usually emerge from the intersection between a new analytical approach and a real economic problem. In the last few years, such a programme has emerged in international monetary economics, which is underpinned by a theoretical framework grounded in stochastic calculus and the increasing prominence in the real world of the international monetary arrangements under which national monetary authorities attempt to keep exchange rates within bands or 'target zones'. This new programme of research also covers switches in exchange rate regimes. This volume from the Centre for economic Policy Research and the National Bureau of Economic Research includes contributions - as authors or discussants - from most of the active pa.