The objective of this paper is to study the various possible exchange rate strategies and its *** that,we use a game theoretical approach,first with a finite horizon,second with an infinite *** strategies are possibl...
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The objective of this paper is to study the various possible exchange rate strategies and its *** that,we use a game theoretical approach,first with a finite horizon,second with an infinite *** strategies are possible (“weak” and “strong”).Depending on the time horizon,the equilibrium solution leads to two main ***,in the finite horizon case,an optimal Pareto solution can only be attained if both players mutually agree not on disrupt each other’s expectations on the exchange ***,in the infinite horizon situation,it is the interest of each player to address a clear and strong signal to the other about its own *** results have some important policy implications.
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