Optimal foreign exchange rate intervention in lévy markets
This paper considers an exchange rate problem in Lévy markets, where the Central Bank has to intervene. We assume that, in the absence of control, the exchange rate evolves according to Brownian motion with a jump component. The Central Bank is allowed to intervene in order to keep the exchange rate...
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| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Hindawi
2021
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| Subjects: | |
| Online Access: | https://doi.org/10.1155/2014/746815 http://hdl.handle.net/11408/4608 |
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