Credibility. Capital Controls, and the EMS.
A common rationale for EMS membership is that it enhances the credibility of a central bank's commitment to stable monetary growth. In this paper we consider this idea in the light of two features of the system, namely, the existence of exchange rate bands and the prevalence of capital controls...
| সংস্থা লেখক: | |
|---|---|
| বিন্যাস: | পত্রিকা |
| ভাষা: | English |
| প্রকাশিত: |
Washington, D.C. :
International Monetary Fund,
1989.
|
| মালা: | IMF Working Papers; Working Paper ;
No. 1989/009 |
| অনলাইন ব্যবহার করুন: | Full text available on IMF |