Replication package for A Risk-based Theory of Exchange Rate Stabilization

The package contains the code necessary to reproduce Table 1, Figure 1 in the main text, and Table 2 in the Online Appendix in Hassan, Mertens and Zhang (2022) "A Risk-based Theory of Exchange Rate Stabilization." Review of Economic Studies. The package also includes a Mathematica notebook that derives the equations and propositions in the main text.