Deer Hunting : Misalignment, Debt Accumulation, and Desired Equilibrium Exchange Rates /
This paper deals with hysteresis in the desired equilibrium exchange rate (DEER) arising from misalignment. When the actual real exchange rate departs from its DEER value, current account realizations--and consequently, debt service obligations--will differ from those assumed in the initial DEER cal...
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| Médium: | Časopis |
| Jazyk: | English |
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Washington, D.C. :
International Monetary Fund,
1993.
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| Edice: | IMF Working Papers; Working Paper ;
No. 1993/048 |
| On-line přístup: | Full text available on IMF |