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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Bibliografiska uppgifter
Huvudupphovsman: Gagnon, Joseph
Övriga upphovsmän: Bayoumi, Tamim, Londono, Juan, Saborowski, Christian
Materialtyp: Tidskrift
Språk:English
Publicerad: Washington, D.C. : International Monetary Fund, 2017.
Serie:IMF Working Papers; Working Paper ; No. 2017/056
Länkar:Full text available on IMF