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- W2035161318 abstract "The objectives of this article are threefold—(1) to test target-zone models using more efficient and direct econometric methodology than previous research, (2) to identify an implicit band, if it exists, from observed data and to test target-zone models based on the estimated implicit band rather than the stated official band, and (3) to examine whether the exchange rate can be modeled as a managed float system with a central parity that lacks a band. We find strong evidence that a model with intramarginal intervention and a narrower implicit (unofficial) band can describe the dynamics of the French franc/Deutsche mark exchange rate from January 1, 1987–July 30, 1993." @default.
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- W2035161318 date "2001-07-01" @default.
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- W2035161318 title "Testing Target-Zone Models Using Efficient Method of Moments" @default.
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- W2035161318 doi "https://doi.org/10.1198/073500101681019891" @default.
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