Balance of Payments Crises Under Inflation Targeting /
This paper analyzes a small open economy model under inflation targeting. It shows why such a monetary regime is vulnerable to speculative attacks that take place over a short period rather than instantaneously. The speed at which the regime collapses, and the extent of reserve losses, are increasin...
| Päätekijä: | |
|---|---|
| Muut tekijät: | , |
| Aineistotyyppi: | Aikakauslehti |
| Kieli: | English |
| Julkaistu: |
Washington, D.C. :
International Monetary Fund,
2007.
|
| Sarja: | IMF Working Papers; Working Paper ;
No. 2007/084 |
| Linkit: | Full text available on IMF |