Currency manipulation and currency wars: analyzing the dynamics of competitive central bank interventions

DOI10.1016/j.jedc.2022.104545zbMath1518.91161MaRDI QIDQ6106610

Davide Radi, Noemi Schmitt, Frank H. Westerhoff, Laura Gardini, Iryna Sushko

Publication date: 3 July 2023

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

zbMATH Keywords

exchange rate dynamicspiecewise-linear mapsstability and bifurcation analysiscentral bank interventionscurrency manipulation and currency warsheterogeneous traders

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64)

Related Items (2)

Perception of Fundamental Values and Financial Market Dynamics: Mathematical Insights from a 2D Piecewise Linear Map ⋮ Bifurcation, chaos and multi-stability regions in an asset pricing model with three subsystems

Cites Work

• Target zone interventions and coordination of expectations
• Representativeness of news and exchange rate dynamics
• Heterogeneity of agents, transactions costs and the exchange rate
• Border-collision bifurcations including ``period two to period three for piecewise smooth systems
• Heterogeneous beliefs and routes to chaos in a simple asset pricing model
• Continuous and Discontinuous Piecewise-Smooth One-Dimensional Maps
• Nonsmooth one-dimensional maps: some basic concepts and definitions
• Nonlinearities and Cyclical Behavior: The Role of Chartists and Fundamentalists
• DEGENERATE BIFURCATIONS AND BORDER COLLISIONS IN PIECEWISE SMOOTH 1D AND 2D MAPS

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