Liquidity Management under Fixed Exchange Rate with Open Capital Account /
This paper introduces a theoretical framework for liquidity management under fixed exchange rate arrangement, derived from the price-specie flow mechanism of David Hume. The framework highlights that the risk of short-term money market rates un-anchoring from the uncovered interest rate parity due t...
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| Formato: | Periódico |
| Idioma: | English |
| Publicado em: |
Washington, D.C. :
International Monetary Fund,
2019.
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| Colecção: | IMF Working Papers; Working Paper ;
No. 2019/058 |
| Acesso em linha: | Full text available on IMF |