Exchange Rate Uncertainty in Money-Based Stabilization Programs /
Complementing the explanation provided by Calvo and Vegh (1994) for money-based stabilization programs, exchange rate uncertainty introduced to a particular version of the portfolio approach with imperfect competition in the banking system leads to a bias toward appreciation that is directly related...
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| Formaat: | Tijdschrift |
| Taal: | English |
| Gepubliceerd in: |
Washington, D.C. :
International Monetary Fund,
1998.
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| Reeks: | IMF Working Papers; Working Paper ;
No. 1998/003 |
| Online toegang: | Full text available on IMF |