Limits of Floating Exchange Rates : the Role of Foreign Currency Debt and Import Structure /
A traditional argument in favor of flexible exchange rates is that they insulate output better from real shocks, because the exchange rate can adjust and stabilize demand for domestic goods through expenditure switching. This argument is weakened in models with high foreign currency debt and low exc...
| Auteur principal: | |
|---|---|
| Autres auteurs: | |
| Format: | Revue |
| Langue: | English |
| Publié: |
Washington, D.C. :
International Monetary Fund,
2011.
|
| Collection: | IMF Working Papers; Working Paper ;
No. 2011/042 |
| Accès en ligne: | Full text available on IMF |