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...
| 1. Verfasser: | |
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| Format: | Zeitschrift |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C. :
International Monetary Fund,
1998.
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| Schriftenreihe: | IMF Working Papers; Working Paper ;
No. 1998/003 |
| Online Zugang: | Full text available on IMF |