Building a Simulation Model of the Currency Basket Peg System

Abstract

This paper presents a institutional framework for the currency basket peg system. After the Asian currency crisis, the needs of seeking adaptive currency system has risen up but the best currency system has not still appeared. In this paper, we propose the model of "the currency basket peg system". This model realize the currency basket peg system on the computer. With using it, we investigate conditions that the currency basket peg system works.