Direct and Spillover Effects of Unconventional Monetary and Exchange Rate Policies /

This paper explores the effects of unconventional monetary and exchange rate policies. We find that official foreign asset purchases have large effects on current accounts that diminish as capital mobility rises and spill over to financially integrated countries. There is an additional effect throug...

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Detalhes bibliográficos
Autor principal: Gagnon, Joseph
Outros Autores: Bayoumi, Tamim, Londono, Juan, Saborowski, Christian
Formato: Periódico
Idioma:English
Publicado em: Washington, D.C. : International Monetary Fund, 2017.
coleção:IMF Working Papers; Working Paper ; No. 2017/056
Acesso em linha:Full text available on IMF