Fiscal Policy. Locational Decisions, and Exchange Rates.

The paper distinguishes between three different channels through which fiscal policy changes may be transmitted to exchange rates. Based on both the balance of payments identity and empirical observations, it is argued that trade balances and exchange rates may be quite responsive to changes in the...

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Detalles Bibliográficos
Autor Corporativo: International Monetary Fund
Formato: Revista
Idioma:English
Publicado: Washington, D.C. : International Monetary Fund, 1989.
Series:IMF Working Papers; Working Paper ; No. 1989/049
Acceso en liña:Full text available on IMF
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245 1 0 |a Fiscal Policy. Locational Decisions, and Exchange Rates. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 1989. 
300 |a 1 online resource (36 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a The paper distinguishes between three different channels through which fiscal policy changes may be transmitted to exchange rates. Based on both the balance of payments identity and empirical observations, it is argued that trade balances and exchange rates may be quite responsive to changes in the relative attractiveness of locating production facilities or storing other 'taxable' forms of wealth in different countries. Recognition that fiscal policy has a major influence on asset location decisions may thus be very important for understanding the behavior of exchange rates. 
538 |a Mode of access: Internet 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 1989/049 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/1989/049/001.1989.issue-049-en.xml  |z IMF e-Library