IMF Staff papers : Volume 23 No. 2.
This paper provides the nexus between short-term interest rates, private monetary capital flows, and the exchange rate under managed floating. It questions the belief held by many economists that capital flows necessarily have benign effects that prevent large erratic movements in the exchange rate...
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| Format: | Journal |
| Language: | English |
| Published: |
Washington, D.C. :
International Monetary Fund,
1976.
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| Series: | IMF Staff Papers; IMF Staff Papers ;
No. 1976/002 |
| Online Access: | Full text available on IMF |