Policy Responses to Aid Surges in Countries with Limited International Capital Mobility : The Role of the Exchange Rate Regime /
We study the role of the exchange rate regime, reserve accumulation, and sterilization policies in the macroeconomics of aid surges. Absent sterilization, a peg allows for almost full aid absorption - an increase in the current account deficit net of aid-delivering the same effects as those of a fle...
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| Další autoři: | , |
| Médium: | Časopis |
| Jazyk: | English |
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Washington, D.C. :
International Monetary Fund,
2014.
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| Edice: | IMF Working Papers; Working Paper ;
No. 2014/018 |
| On-line přístup: | Full text available on IMF |