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...
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| Інші автори: | , |
| Формат: | Журнал |
| Мова: | English |
| Опубліковано: |
Washington, D.C. :
International Monetary Fund,
2007.
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| Серія: | IMF Working Papers; Working Paper ;
No. 2007/084 |
| Онлайн доступ: | Full text available on IMF |