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Bargaining for Costs of Convergence in Exchange Rate Mechanism II: A Rubinstein Threat Game
Unformatted Document Text:  Friebel, Guido, Lars Nilsson and Klaus Wallner. 1999. “Enlargement of the EU: What are Prospects for Success.” Stockholm: Stockholm Institute of Transition Economies (SITE), draft. G´asp´ar, P´al. 2001. “Real and Nominal Convergence of Pre-Accession Economies and the Choice of Exchange Rate Regime.” Budapest: Inter- national Center for Economic Growth - European Chapter, mimeo. Klyuev, Vladimir. 2001. “A Model of Exchange Rate Regime Choice in the Transitional Economies of Central and Eastern Europe.” IMF Working Paper No. 140. Lipschitz, Leslie, Timothy Lane and Alex Mourmouras. 2001. “Capital Flows to Transition Economies: Master or Servant.” IMF Working Paper No. 11. Natalucci, Fabio M. and Federico Ravenna. 2002. “The Road to Adopting the Euro: Monetary Policy and Exchange Rate Regimes in EU Candidate Countries.” Board of Governors of the Federal Reserve System - Interna- tional Finance Discussion Papers No. 741. Obstfeld, Maurice. 1994. “The Logic of Currency Crises.” NBER Working Paper No. 4640. Obstfeld, Maurice. 1995. “Models of Currency Crises with Self-Fulfilling Features.” NBER Working Paper No. 5285. Putnam, Robert D. 1988. “Diplomacy and domestic politics: the logic of two-level games.” International Organization 42(3):427–460. Rubinstein, Ariel. 1982. “Perfect Equilibrium in a Bargaining Model.” Econo- metrica 50(1):97–110. Schelling, Thomas C. 1960. Strategy of Conflict. Cambridge, MA: Harvard University Press. Tornell, Aaron and Andr´es Velasco. 1995. “Money-Based versus Exchange Rate-Based Stabilization with Endogenous Fiscal Policy.” NBER Working Paper No. 5300. 25

Authors: Fahrholz, Christian.
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background image
Friebel, Guido, Lars Nilsson and Klaus Wallner. 1999. “Enlargement of the
EU: What are Prospects for Success.” Stockholm: Stockholm Institute of
Transition Economies (SITE), draft.
G´asp´ar, P´al. 2001.
“Real and Nominal Convergence of Pre-Accession
Economies and the Choice of Exchange Rate Regime.” Budapest: Inter-
national Center for Economic Growth - European Chapter, mimeo.
Klyuev, Vladimir. 2001. “A Model of Exchange Rate Regime Choice in the
Transitional Economies of Central and Eastern Europe.” IMF Working
Paper No. 140.
Lipschitz, Leslie, Timothy Lane and Alex Mourmouras. 2001. “Capital Flows
to Transition Economies: Master or Servant.” IMF Working Paper No. 11.
Natalucci, Fabio M. and Federico Ravenna. 2002. “The Road to Adopting
the Euro: Monetary Policy and Exchange Rate Regimes in EU Candidate
Countries.” Board of Governors of the Federal Reserve System - Interna-
tional Finance Discussion Papers No. 741.
Obstfeld, Maurice. 1994. “The Logic of Currency Crises.” NBER Working
Paper No. 4640.
Obstfeld, Maurice. 1995. “Models of Currency Crises with Self-Fulfilling
Features.” NBER Working Paper No. 5285.
Putnam, Robert D. 1988. “Diplomacy and domestic politics: the logic of
two-level games.” International Organization 42(3):427–460.
Rubinstein, Ariel. 1982. “Perfect Equilibrium in a Bargaining Model.” Econo-
metrica 50(1):97–110.
Schelling, Thomas C. 1960. Strategy of Conflict. Cambridge, MA: Harvard
University Press.
Tornell, Aaron and Andr´es Velasco. 1995. “Money-Based versus Exchange
Rate-Based Stabilization with Endogenous Fiscal Policy.” NBER Working
Paper No. 5300.
25


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