@techreport{NBERw2918,
 title = "The Linkage Between Speculative Attack and Target Zone Models of Exchange Rates",
 author = "Robert P. Flood and Peter M. Garber",
 institution = "National Bureau of Economic Research",
 type = "Working Paper",
 series = "Working Paper Series",
 number = "2918",
 year = "1989",
 month = "April",
 URL = "http://www.nber.org/papers/w2918",
 abstract = {In this paper we generalize the target zone exchange rate as model formalized by Krugman (1988b) to include finite-sized interventions in defense of the zone. The main contributions of these pages consist of linking the recent developments in the theory of target zones to the mirror-image theory of speculative attacks on asset price fixing regimes and in using aspects of that linkage to give an intuitive interpretation to the smooth pasting" condition usually invoked as a terminal condition.},
}