The presence of target zone nonlinearities when narrower bands exist within official zones

Veestraeten, Dirk

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@article{ Veestraeten2007,
 title = {The presence of target zone nonlinearities when narrower bands exist within official zones},
 author = {Veestraeten, Dirk},
 journal = {Applied Economics},
 number = {4},
 pages = {449-452},
 volume = {39},
 year = {2007},
 doi = {https://doi.org/10.1080/00036840500428104},
 urn = {https://nbn-resolving.org/urn:nbn:de:0168-ssoar-239784},
 abstract = {The presence of target zone nonlinearities is generally refuted in empirical research. We argue that this may be due to estimation being performed vis-à-vis official limits when monetary authorities in fact are targeting a narrower band. Estimation results for the Belgian and French franc confirm that nonlinearities are present when narrower zones are accounted for.},
}