Trilemma or Dilemma : Inspecting the Heterogeneous Response of Local Currency Interest Rates to Foreign Rates /

This paper studies the heterogeneous response across countries of local currency interest rates to foreign and domestic factors, thus contributing to the discussion on the policy trilemma in international economics. On average, floaters appear to be less affected by the U.S. in the short run (up to...

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Dettagli Bibliografici
Autore principale: Ricci, Luca
Altri autori: Shi, Wei
Natura: Periodico
Lingua:English
Pubblicazione: Washington, D.C. : International Monetary Fund, 2016.
Serie:IMF Working Papers; Working Paper ; No. 2016/075
Accesso online:Full text available on IMF