1. Editors' introduction Paul Krugman, and Marcus Miller; Part I. Modelling
Currency Bands: 2. Exchange rates in a currency band: a sketch of the new
approach Paul Krugman; Part II. Currency Bands: Extending the Model: 3. The
linkage between speculative attack and target zone models of exchange
rates: some extended results Robert P. Flood, and Peter M. Garber;
Discussion Paul Weller; 4. Target zones, broad and narrow Francisco
Delgado, and Bernard Dumas; Discussion Leonardo Bartolini; Part III. Regime
Shifts: The Return to Gold and Ems Entry: 5. Stochastic process switching:
some simple solutions; 6. Entering a preannounced currency band Masaki
Ichikawa, Marcus Miller, and Alan Sutherland; 7. Britain's return to gold
and entry into the EMS: joining conditions and credibility Marcus Miller,
and Alan Sutherland; Discussion Gregor W. Smith; Part IV. Limited Reserves
and Sustainability: 8. Speculative attacks on target zones Paul Krugman,
and Julio Rotemberg; Discussion Bernard Dumas; 9. Anomalous speculative
attacks on fixed exchange rate regimes: possible resolutions of the 'gold
standard paradox' Willem H. Buiter, and Vittorio U. Grilli; Discussion
Maurice Obstfeld; 10. Sustainable intervention policies and exchange rate
dynamics Giuseppe Bertola, and Ricardo J. Caballero; Discussion Lars E. O.
Svensson; Part V. Estimation and Testing: 11. Estimation and testing in
models of exchange rate target zones and process switching Gregor W. Smith,
and Michael G. Spencer; Discussion Hossein Samiei.
