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...

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Bibliografiske detaljer
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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