Pathak, Parag; Tirole, Jean - Institut d'Économie Industrielle (IDEI), Toulouse … - 2006
exchange rate regime. Like Cukierman, Goldstein and Spiegel (2004),
we endogenize the level of the peg. Cukierman et. al. study … these two cases, may not want to encourage it.
The idea that the choice of exchange rate regime and its management … the strategic interaction between
the ex ante choice of exchange rate regime and the likelihood of ex post currency …