Turnovsky, Stephen J.; Xu, Jian - In: Annals of Economics and Finance 3 (2002) 2, pp. 219-248
This paper examines the issue of speculative attacks on the exchange rate in an economy in which. following the attack the government allows the exchange rate to float for a limited period, before repegging it at a higher, sustainable, level. We highlight the tradeoffs between the length of the...
