Financial Market Integration and Exchange Rate Policy:
This paper examines how a country's exchange rate policy should be adjusted when the degree of integration between domestic and external financial markets increases as a result of both domestic financial liberalization and the relaxation of capital controls. As the financial structure is opened...
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
1990
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Schriftenreihe: | IMF Working Papers
Working Paper No. 90/2 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | This paper examines how a country's exchange rate policy should be adjusted when the degree of integration between domestic and external financial markets increases as a result of both domestic financial liberalization and the relaxation of capital controls. As the financial structure is opened and liberalized, the optimal scale of exchange market intervention changes as the relative importance of different domestic and foreign shocks for output and price stability is altered. Nonetheless, the response of the optimal degree of intervention to increases in the variances of the various domestic and foreign shocks is similar across all financial structures |
Beschreibung: | 1 Online-Ressource (66 p) |
ISBN: | 1451930976 9781451930979 |
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spelling | Rojas-Suárez, Liliana Verfasser aut Financial Market Integration and Exchange Rate Policy Rojas-Suárez, Liliana Washington, D.C International Monetary Fund 1990 1 Online-Ressource (66 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 90/2 This paper examines how a country's exchange rate policy should be adjusted when the degree of integration between domestic and external financial markets increases as a result of both domestic financial liberalization and the relaxation of capital controls. As the financial structure is opened and liberalized, the optimal scale of exchange market intervention changes as the relative importance of different domestic and foreign shocks for output and price stability is altered. Nonetheless, the response of the optimal degree of intervention to increases in the variances of the various domestic and foreign shocks is similar across all financial structures Online-Ausg Mathieson, Donald J. Sonstige oth http://elibrary.imf.org/view/IMF001/02382-9781451930979/02382-9781451930979/02382-9781451930979.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Rojas-Suárez, Liliana Financial Market Integration and Exchange Rate Policy |
title | Financial Market Integration and Exchange Rate Policy |
title_auth | Financial Market Integration and Exchange Rate Policy |
title_exact_search | Financial Market Integration and Exchange Rate Policy |
title_exact_search_txtP | Financial Market Integration and Exchange Rate Policy |
title_full | Financial Market Integration and Exchange Rate Policy Rojas-Suárez, Liliana |
title_fullStr | Financial Market Integration and Exchange Rate Policy Rojas-Suárez, Liliana |
title_full_unstemmed | Financial Market Integration and Exchange Rate Policy Rojas-Suárez, Liliana |
title_short | Financial Market Integration and Exchange Rate Policy |
title_sort | financial market integration and exchange rate policy |
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