Stochastic processes and target zones revisited

@inproceedings{Beladi2012StochasticPA,
  title={Stochastic processes and target zones revisited},
  author={Hamid Beladi and Avik Chakrabarti},
  year={2012}
}
We construct a model of exchange rate target zones that allows the stochastic process, with a closed-form general solution, to include the possibility of lagged response of fundamentals. 

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