Real Exchange Rate Targeting Under Imperfect Asset Substitutability /

This paper presents a model of an economy that uses nominal exchange rate policy to keep the real exchange rate constant at a certain target level, under imperfect asset substitutability. The paper discusses the determinants of inflation under such a policy, and examines the consequences of exogenou...

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Autor principal: Lizondo, Jose Saul
Format: Revista
Idioma:English
Publicat: Washington, D.C. : International Monetary Fund, 1993.
Col·lecció:IMF Working Papers; Working Paper ; No. 1993/038
Accés en línia:Full text available on IMF