Rodríguez-López, Jesús; Mendizabal, Hugo Rodriguez - In: Topics in Macroeconomics 6 (2006) 1, pp. 1401-1401
The literature on exchange rate regimes has recently observed that officially self-declared free floaters intervene strongly in foreign exchange markets to maintain their nominal exchange rates within some unannounced bands. In this paper, we provide an explanation of this behavior, labeled by...