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01664cas a2200241 a 4500 |
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AALejournalIMF009949 |
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230101c9999 xx r poo 0 0eng d |
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|c 5.00 USD
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|z 9781451946680
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|a 1018-5941
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|a BD-DhAAL
|c BD-DhAAL
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|a International Monetary Fund.
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|a Fiscal Constraints of a Fixed Exchange Rate Regime.
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| 264 |
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|a Washington, D.C. :
|b International Monetary Fund,
|c 1989.
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| 300 |
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|a 1 online resource (26 pages)
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|a IMF Working Papers
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| 500 |
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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| 500 |
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a The paper considers whether the implementation of a fixed exchange rate regime requires or implies binding constraints on fiscal policy. The main conclusions are that, from a country perspective, the effective constraint is on the degree of monetary financing, which bears an uncertain relationship to the size of the budget deficit; that, from a systemic perspective, the financial stability of the currency area can be ensured by making the monetary and fiscal authorities independent of one another; and that the case for coordination of fiscal policies-whatever its merits-is not enhanced by the creation of a fixed exchange rate regime.
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|a Mode of access: Internet
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|a IMF Working Papers; Working Paper ;
|v No. 1989/107
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/1989/107/001.1989.issue-107-en.xml
|z IMF e-Library
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