Exchange-Rate-Based Stabilization : A Model of Financial Fragility /

Interactions between banks and open capital account are investigated as rationalizations for empirical regularities characterizing disinflation programs anchored by the exchange rate. The financial system is characterized by bank dominance and lending externality - banks do not internalize the effec...

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Bibliographic Details
Main Author: Sobolev, Yuri
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2000.
Series:IMF Working Papers; Working Paper ; No. 2000/122
Online Access:Full text available on IMF