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|c 5.00 USD
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|z 9781451855456
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|a 1018-5941
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|a BD-DhAAL
|c BD-DhAAL
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|a Daniel, Betty.
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|a Fiscal Policy and the Predictability of Exchange Rate Collapse /
|c Betty Daniel.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 1997.
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|a 1 online resource (18 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a It is well known that the long-run viability of a fixed exchange rate regime imposes constraints on monetary policy. This paper shows that, in a model with forward-looking agents, short-run viability imposes a fiscal constraint. When policy change, which destroys long-run viability, also violates the fiscal constraint, collapse is instantaneous. Delayed predictable collapse requires satisfaction of the fiscal constraint.
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|a Mode of access: Internet
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|a IMF Working Papers; Working Paper ;
|v No. 1997/133
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/1997/133/001.1997.issue-133-en.xml
|z IMF e-Library
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