The Perils of Sterilization.
The paper argues that the sterilization of capital inflows at the start of a price-stabilization program may give rise to future pressures to discontinue the program as a result of the unduly high debt-service burden that the sterilization policy may generate.
| Collectivité auteur: | |
|---|---|
| Format: | Revue |
| Langue: | English |
| Publié: |
Washington, D.C. :
International Monetary Fund,
1990.
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| Collection: | IMF Working Papers; Working Paper ;
No. 1990/013 |
| Accès en ligne: | Full text available on IMF |