Money and exchange-rate adjustment in an LDC context
The paper presents theoretical models designed to examine, first, the links between a monetary expansion and the collapse of a fixed exchange rate, and second, the behavior of the real exchange rate following a devaluation. Under a free float, a monetary expansion leads to an appreciation in the lon...
| Julkaisussa: | The Philippine Review of Business and Economics Vol. XXXI, No. 2 (December 1994), p. 86-103. |
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| Päätekijä: | |
| Aineistotyyppi: | Analytics |
| Kieli: | English |
| Julkaistu: |
1994.
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| Aiheet: |