The Effects of Currency Substitutionon the Response of the Current Account to Supply Shocks.

The Effects of Currency Substitutionon the Response of the Current Account to Supply Shocks.

Standard real models predict that a permanent increase in oil prices would result in a current account surplus. This is due to the fact that investment falls while saving remains unchanged. This paper shows that if currency substitution is introduced into the analysis, the same shock could cause a c...

Cur síos iomlán

Sonraí bibleagrafaíochta
Údar corparáideach:	International Monetary Fund
Formáid:	IRIS
Teanga:	English
Foilsithe / Cruthaithe:	Washington, D.C. : International Monetary Fund, 1988.
Sraith:	IMF Working Papers; Working Paper ; No. 1988/005
Rochtain ar líne:	Full text available on IMF

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