Balance Sheets, Exchange Rate Policy, and Welfare /
The debate about the appropriate choice of exchange rate regime is fundamental in international economics. This paper develops a small open-economy model with balance sheet effects and compares the performance of fixed and flexible exchange rate regimes. The model is solved up to a second-order appr...
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| Định dạng: | Tạp chí |
| Ngôn ngữ: | English |
| Được phát hành: |
Washington, D.C. :
International Monetary Fund,
2004.
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| Loạt: | IMF Working Papers; Working Paper ;
No. 2004/063 |
| Truy cập trực tuyến: | Full text available on IMF |