Monetary and fiscal policies, endogenous currency substitution, and exchange rate volatility
This paper employs two small, open economy macro models of exchange rate determination - a portfolio balance model and an asset market model - to examine the implications of endogenous currency substitution on exchange rate volatility arising from monetary and fiscal policies. It is shown that, in b...
| I publikationen: | The Philippine Review of Business and Economics Vol. XXXV, No. 1 (June 1998), p. [1]-26. |
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| Huvudupphovsman: | |
| Materialtyp: | Analytics |
| Språk: | English |
| Publicerad: |
1998.
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| Ämnen: |