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...
| Tác giả chính: | |
|---|---|
| Tác giả khác: | |
| Định dạng: | Tạp chí |
| Ngôn ngữ: | English |
| Được phát hành: |
Washington, D.C. :
International Monetary Fund,
2011.
|
| Loạt: | IMF Working Papers; Working Paper ;
No. 2011/042 |
| Truy cập trực tuyến: | Full text available on IMF |