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|z 9781451946352
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|a Georgiou, Andreas.
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|a Foreign Currency Deposits :
|b Implications for Macroeconomic Policies /
|c Andreas Georgiou.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 1991.
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|a 1 online resource (37 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a This paper discusses the relationship between foreign currency deposits and money, and it shows that the indexation of part of the nominal money supply to the exchange rate, as a result of the presence of foreign currency deposits, will increase the inflationary effects of monetary disequilibria under a floating exchange rate system and will reduce the effect of a devaluation of a usually fixed exchange rate. When a real exchange rate rule is followed, the presence of foreign currency deposits implies that there is less of a tradeoff between the rate of nominal depreciation/inflation and the level of the real exchange rate. The paper shows how certain aspects of financial programming may be affected by the presence of these deposits.
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|a Mode of access: Internet
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|a IMF Working Papers; Working Paper ;
|v No. 1991/108
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/1991/108/001.1991.issue-108-en.xml
|z IMF e-Library
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