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

Veestraeten, Dirk

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%T The presence of target zone nonlinearities when narrower bands exist within official zones
%A Veestraeten, Dirk
%J Applied Economics
%N 4
%P 449-452
%V 39
%D 2007
%= 2011-04-01T03:20:00Z
%~ http://www.peerproject.eu/
%> https://nbn-resolving.org/urn:nbn:de:0168-ssoar-239784
%X 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.
%G en
%9 journal article
%W GESIS - http://www.gesis.org
%~ SSOAR - http://www.ssoar.info