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...

Popoln opis

Bibliografske podrobnosti
Glavni avtor: Montiel, Peter
Drugi avtorji: Ostry, Jonathan
Format: Revija
Jezik:English
Izdano: Washington, D.C. : International Monetary Fund, 1991.
Serija:IMF Working Papers; Working Paper ; No. 1991/068
Online dostop:Full text available on IMF