Exchange Rate Flexibility and Credit during Capital Inflow Reversals : Purgatory ... not Paradise /
We document the behavior of macro and credit variables during episodes of capital inflows reversals in economies with different degrees of exchange rate flexibility. We find that exchange rate flexibility is associated with milder credit growth during the boom but, even though smaller than in more r...
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| Формат: | Журнал |
| Мова: | English |
| Опубліковано: |
Washington, D.C. :
International Monetary Fund,
2014.
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| Серія: | IMF Working Papers; Working Paper ;
No. 2014/061 |
| Онлайн доступ: | Full text available on IMF |