Monetary and Exchange Rate Dynamics During Disinflation : An Empirical Analysis /

Based on the observed behavior of monetary aggregates and exchange rates, we classify inflation-stabilization episodes into two categories: de facto exchange rate-based stabilizations (ERBS) and non-ERBS. Unlike the standard de jure ERBS studied in the literature, de facto ERBS encompass cases in wh...

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Bibliographic Details
Main Author: Zhang, Lei
Other Authors: Arias Leiva, Andres, Hamann, A.
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2005.
Series:IMF Working Papers; Working Paper ; No. 2005/033
Online Access:Full text available on IMF