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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Détails bibliographiques
Auteur principal: Gagnon, Joseph
Autres auteurs: Bayoumi, Tamim, Londono, Juan, Saborowski, Christian
Format: Revue
Langue:English
Publié: Washington, D.C. : International Monetary Fund, 2017.
Collection:IMF Working Papers; Working Paper ; No. 2017/056
Accès en ligne:Full text available on IMF