International Currencies and Endogenous Enforcement : An Empirical Analysis /

This paper investigates the determinants of the international role of a currency. It argues that standard determinants such as monetary performance and financial openness are at best imperfect indicators of a currency's stability prospects, because the issuer's promise of stability is not...

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Автор: Prem, Roohi
Формат: Журнал
Мова:English
Опубліковано: Washington, D.C. : International Monetary Fund, 1997.
Серія:IMF Working Papers; Working Paper ; No. 1997/029
Онлайн доступ:Full text available on IMF