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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Библиографические подробности
Главный автор: Gagnon, Joseph
Другие авторы: Bayoumi, Tamim, Londono, Juan, Saborowski, Christian
Формат: Журнал
Язык:English
Опубликовано: Washington, D.C. : International Monetary Fund, 2017.
Серии:IMF Working Papers; Working Paper ; No. 2017/056
Online-ссылка:Full text available on IMF