Liberalized Markets Have More Stable Exchange Rates : Short-Run Evidence From Four Transition Countries /
The paper looks at the hypothesis that financial market liberalization can create a basis for more stable exchange rates, as deviations of exchange rates from equilibrium levels bring forth stabilizing flows of liquidity. This "endogenous liquidity" hypothesis suggests that opening financi...
| Hovedforfatter: | Bulir, Ales |
|---|---|
| Format: | Tidsskrift |
| Sprog: | English |
| Udgivet: |
Washington, D.C. :
International Monetary Fund,
2004.
|
| Serier: | IMF Working Papers; Working Paper ;
No. 2004/035 |
| Online adgang: | Full text available on IMF |
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