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Browsing by Subject "E58"

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Conundrum or complication : a study of yield curve dynamics under unusual economic conditions and monetary policies

Cripwell, Peter ; Edelman, David (University College Dublin. School of Business. Centre for Financial Markets, 2008-03-04)

The definition of the decline of long term yields in the light of increasing short term yields as a conundrum by Chairman Greenspan in February 2005 has generated a significant amount of research. This paper presents a ...
Devaluation of fixed exchange rates : optimal strategy in the presence of speculation

Pastine, Ivan (Springer Science + Business Media, 2000-04)

This paper analyzes devaluations in a fixed exchange rate system by endogenizing both the speculation and devaluation decisions. It is shown that deterministic devaluation rules are generally sub-optimal for the central ...
Speculation and the decision to abandon a fixed exchange rate regime

Pastine, Ivan (Elsevier Science, 2002-06)

This paper demonstrates that the implications of first-generation speculative attack models do not hold if there is a rational, forward-looking policy maker. The policy maker will be able to avoid predictable speculative ...
Speculation and the decision to abandon a fixed exchange rate regime

Pastine, Ivan (Centre for Economic Policy Research, 2001-07)

This Paper demonstrates that the implications of first-generation speculative attack models do not hold if there is a rational, forward-looking policy maker. The policy maker will be able to avoid predictable speculative ...