The Effects of Capital Controls on Exchange Rate Volatility and Output /
This paper extends the Dornbusch model of overshooting exchange rates to discuss both exchange rate and output effects of capital controls that involve additional costs for international asset transactions. We show that, on the one hand, such capital controls have the merit of reducing the volatilit...
| Príomhchruthaitheoir: | |
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| Rannpháirtithe: | , , |
| Formáid: | IRIS |
| Teanga: | English |
| Foilsithe / Cruthaithe: |
Washington, D.C. :
International Monetary Fund,
2001.
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| Sraith: | IMF Working Papers; Working Paper ;
No. 2001/187 |
| Rochtain ar líne: | Full text available on IMF |