The Italian Lira in the Narrow Erm Band : The Challenge of Credibility /
Under free capital mobility, a high-inflation country pursuing a nonaccommodating exchange rate policy will have higher real interest rates than its lower-inflation trading partners as long as that policy is not credible. If the policy gains credibility prior to inflation convergence, the sign of th...
| Autor principal: | |
|---|---|
| Formato: | Periódico |
| Idioma: | English |
| Publicado em: |
Washington, D.C. :
International Monetary Fund,
1991.
|
| coleção: | IMF Working Papers; Working Paper ;
No. 1991/019 |
| Acesso em linha: | Full text available on IMF |