Collapse of a Crawling Peg Regime in the Presence of a Government Budget Constraint /
This study extends the research on balance-of-payments crises by investigating the dynamics of the collapse of a crawling exchange rate in the presence of an explicit link between the fiscal deficit and domestic credit. It shows that such an exchange rate regime is characterized by two potential ste...
| المؤلف الرئيسي: | |
|---|---|
| التنسيق: | دورية |
| اللغة: | English |
| منشور في: |
Washington, D.C. :
International Monetary Fund,
1991.
|
| سلاسل: | IMF Working Papers; Working Paper ;
No. 1991/042 |
| الوصول للمادة أونلاين: | Full text available on IMF |