• Noisy signals in target zone regimes theory and Monte Carlo experiments 

      Holden, Steinar; Kolsrud, Dag; Vikøren, Birger (Discussion Papers;No. 160, Working paper, 1995)
      Previous empirical evidence indicates that uncovered interest rate parity (UIP) does not hold for target zone exchange rates, like those in the European Monetary System and in the Nordic countries. We explore a target zone ...