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  1. A soft edge target zone model
    theory and application to Hong Kong
    Author: Chen, Yu-Fu; Funke, Michael; Glanemann, Nicole
    Published: 2009
    Publisher:  Bank of Finland, Helsinki

    Access:
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    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    Content information
    Source: Union catalogues
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9789524629973
    Other identifier:
    hdl: 10419/212665
    Series: BOFIT Discussion papers ; 21/2009
    Subjects: Currency-Board-System; Zielzone; Wechselkurspolitik; Wechselkurs; Glaubwürdigkeit; Hongkong
    Scope: Online-Ressource (25 S., 603,60 KB)
  2. Off-the-record target zones
    theory with an application to Hong Kong's currency board
    Author: Chen, Yu-Fu; Funke, Michael; Glanemann, Nicole
    Published: 2010
    Publisher:  Dep. of Economic Studies, Univ. of Dundee, Dundee

    This paper provides a modelling framework for evaluating the exchange rate dynamics of a target zone regime with undisclosed bands. We generalize the literature to allow for asymmetric one-sided regimes. Market participants' beliefs concerning an... more

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    Keine Speicherung
    Inter-library loan:
    No inter-library loan

     

    This paper provides a modelling framework for evaluating the exchange rate dynamics of a target zone regime with undisclosed bands. We generalize the literature to allow for asymmetric one-sided regimes. Market participants' beliefs concerning an undisclosed band change as they learn more about central bank intervention policy. We apply the model to Hong Kong's one-sided currency board mechanism. In autumn 2003, the Hong Kong dollar appreciated from close to 7.80 per US dollar to 7.70, as investors feared that the currency board would be abandoned. In the wake of this appreciation, the monetary authorities finally revamped the regime as a symmetric two-sided system with a narrow exchange rate band. -- Currency Board Arrangement ; Target Zone Model ; Hong Kong

     
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    Content information
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Dundee discussion papers in economics ; 235
    Subjects: Wechselkurssystem; Zielzone; Wechselkurspolitik; Hongkong
    Scope: Online-Ressource (23 S.), graph. Darst.
  3. Off-the-record target zones
    theory with an application to Hong Kong's currency board
    Author: Chen, Yu-Fu; Funke, Michael; Glanemann, Nicole
    Published: 2010
    Publisher:  Bank of Finland, Helsinki

    Access:
    Resolving-System (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    Keine Speicherung
    Inter-library loan:
    No inter-library loan
    Export to reference management software   RIS file
      BibTeX file
    Content information
    Source: Union catalogues
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9789524626811
    Other identifier:
    hdl: 10419/212674
    Series: BOFIT Discussion papers ; 6/2010
    Subjects: Currency-Board-System; Zielzone; Wechselkurssystem; Wechselkurspolitik; Hongkong
    Scope: Online-Ressource (31 S., 1.21 MB)