00000caa a22000003i 4500 UP-1685594773862388535 Buklod 20210318132135.0 m | | ta 210318s1998 xx r |||| u|eng d (iLib)UPBAG-00039513726 BAG rda eng ARTICLE-2723 Natividad-Carlos, Fidelina B. author. Monetary and fiscal policies, endogenous currency substitution, and exchange rate volatility Fidelina B. Natividad-Carlos. 1998. pages [1]-26 illustrations 25 cm text rdacontent unmediated rdamedia volume rdacarrier Includes bibliographical references (pages 25-26). 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 both models, the exchange rate response and the extent of exchange rate overshooting and undershooting depend on the degree of currency substitution. Currency substitution. Monetary policy. Fiscal policy. Foreign exchange rates. The Philippine Review of Business and Economics Vol. XXXV, No. 1 (June 1998), p. [1]-26. (viewed 18 March 2021) FI UPBAG UPBAG-MAIN ARTICLE-2723 Analytics