Daniëls, Tijmen; Jager, Henk; Klaassen, Franc - Sonderforschungsbereich Ökonomisches Risiko <Berlin>
(1977). To measure pressure,
this literature uses a combination of data on exchange rates and data on policy actions that …¯†
ut¡†
sj t (x, bkt (x)) d x for all j,k 2[0,1].
An equilibrium of the model is a joint strategy profile such that three …
strategies. Let i be a speculator. A threshold strategy for speculator i is a strategy, characterised
by a threshold value x …