Search Results

SORT BY: PREVIOUS / NEXT
Keywords:Fixed exchange rates 

Report
Reverse Speculative Attacks

In January 2015, in the face of sustained capital inflows, the Swiss National Bank abandoned the floor for the Swiss Franc against the Euro, a decision which led to the appreciation of the Swiss Franc. The objective of this paper is to present a simple framework that helps to better understand the timing of this episode, which we label a ?reverse speculative attack?. We model a central bank which wishes to maintain a peg, and responds to increases in demand for domestic currency by expanding its balance sheet. In contrast to the classic speculative attacks, which are triggered by the ...
Staff Report , Paper 528

FILTER BY Series

FILTER BY Content Type

Report 1 items

FILTER BY Author

FILTER BY Jel Classification

F31 1 items

F32 1 items

FILTER BY Keywords

PREVIOUS / NEXT