Real Exchange Rate Targeting Under Capital Controls : Can Money Provide a Nominal Anchor? /

This paper examines the issue of whether the money supply can serve as a nominal anchor for the domestic price level under real exchange rate targeting. When capital controls are perfect so that there is complete separation between official and unofficial markets for foreign exchange, the domestic i...

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Xehetasun bibliografikoak
Egile nagusia: Montiel, Peter
Beste egile batzuk: Ostry, Jonathan
Formatua: Aldizkaria
Hizkuntza:English
Argitaratua: Washington, D.C. : International Monetary Fund, 1991.
Saila:IMF Working Papers; Working Paper ; No. 1991/068
Sarrera elektronikoa:Full text available on IMF