Instability in exchange rates of the world leading currencies: implications of a spatial competition model among central banks

ENGELMANN, Dirk, HANOUSEK, Jan, KOČENDA, Evžen. Instability in exchange rates of the world leading currencies: implications of a spatial competition model among central banks. Ann Arbor: The William Davidson Institute at the University of Michigan Business School, 2004. William Davidson Institute Working Paper Series, 686. Available: http://wdi.umich.edu/files/Publications/WorkingPapers/wp686.pdf