The Behavior of Real Interest Rates in Exchange-Rate Based Stabilization Programs /

This paper examines the behavior of real interest rates in exchange-rate based stabilization programs. The analysis is based on a model with imperfect capital mobility and optimizing agents. A permanent reduction in the devaluation rate is first shown to have an ambiguous effect on real interest rat...

全面介绍

书目详细资料
主要作者: Agenor, Pierre-Richard
格式: 杂志
语言:English
出版: Washington, D.C. : International Monetary Fund, 1994.
丛编:IMF Working Papers; Working Paper ; No. 1994/075
在线阅读:Full text available on IMF

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