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| Author: | Lindner, A. |
| Title: | Does transparency of central banks produce multiple equilibria on currency markets? |
| Journal: | Scandinavian Journal of Economics
2006 : VOL. 108:1, p. 1-14 |
| Index terms: | currency markets central banks economics |
| Language: | eng |
| Abstract: | In this paper it is maintained that a key aspect of transparency of the central bank will improve private information and will not necessarily improve decision-relevant common knowledge. Findings show that a transparent information policy can eliminate multiple equilibria on a currency market. |
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