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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Xehetasun bibliografikoak
Egile nagusia: Gagnon, Joseph
Beste egile batzuk: Bayoumi, Tamim, Londono, Juan, Saborowski, Christian
Formatua: Aldizkaria
Hizkuntza:English
Argitaratua: Washington, D.C. : International Monetary Fund, 2017.
Saila:IMF Working Papers; Working Paper ; No. 2017/056
Sarrera elektronikoa:Full text available on IMF