in a managed floating exchange rate regime, one of the most important issues is the degree to which the monetary authorities intervene in the foreign exchange market.  the appropriate level of intervention in the foreign exchange market can be discussed in a framework which emphasizes the trade-off between changes in the country’s level of international reserves and minimizes the country’s real...

Rational agents programmed in agent programming languages derive their choice of action from their beliefs and goals. One of the main benefits of such programming languages is that they facilitate a high-level and conceptually elegant specification of agent behaviour. Qualitative concepts alone, however, are not sufficient to specify that this behaviour is also nearly optimal, a quality typical...