Destabilizing Stability? : Exchange Rate Arrangements and Foreign Currency Debt /
Emerging markets (EMs) often respond to shocks by intervening in foreign exchange (FX) markets and thus preventing full exchange rate adjustment. This response can serve to dampen the effect of shocks and increase monetary policy space but may also incentivize economic participants to increase risk...
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| Format: | Žurnal |
| Jezik: | English |
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Washington, D.C. :
International Monetary Fund,
2020.
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| Serija: | IMF Working Papers; Working Paper ;
No. 2020/173 |
| Online pristup: | Full text available on IMF |