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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Bibliografische gegevens
Hoofdauteur: Bulir, Ales
Formaat: Tijdschrift
Taal:English
Gepubliceerd in: Washington, D.C. : International Monetary Fund, 2004.
Reeks:IMF Working Papers; Working Paper ; No. 2004/035
Online toegang:Full text available on IMF

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