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...
| المؤلف الرئيسي: | |
|---|---|
| التنسيق: | دورية |
| اللغة: | English |
| منشور في: |
Washington, D.C. :
International Monetary Fund,
1991.
|
| سلاسل: | IMF Working Papers; Working Paper ;
No. 1991/019 |
| الوصول للمادة أونلاين: | Full text available on IMF |