Does Monetary Policy Stabilize the Exchange Rate Following a Currency Crisis?

Released on by Mr.Ilan Goldfajn
preview-18

  • Does Monetary Policy Stabilize the Exchange Rate Following a Currency Crisis? Book Detail

  • Author : Mr.Ilan Goldfajn
  • Release Date : 1999-03-01
  • Publisher : International Monetary Fund
  • Genre : Business & Economics
  • Pages : 33
  • ISBN 13 : 1451846193
  • File Size : 76,76 MB
DOWNLOAD BOOK

Does Monetary Policy Stabilize the Exchange Rate Following a Currency Crisis? by Mr.Ilan Goldfajn PDF Summary

Book Description: This paper provides evidence on the relationship between monetary policy and the exchange rate in the aftermath of currency crises. It analyzes a large data set of currency crises in 80 countries for the period 1980-98. The main question addressed is: Can monetary policy increase the probability of reversing a postcrisis undervaluation through nominal appreciation rather than higher inflation? We find that tight monetary policy facilitates the reversal of currency undervaluation through nominal appreciation. When the economy also faces a banking crisis, the results are not robust: depending on the specification, tight monetary policies may not have the same effect.

Disclaimer: www.yourbookbest.com does not own Does Monetary Policy Stabilize the Exchange Rate Following a Currency Crisis? books pdf, neither created or scanned. We just provide the link that is already available on the internet, public domain and in Google Drive. If any way it violates the law or has any issues, then kindly mail us via contact us page to request the removal of the link.

Monetary Policy Strategy

Monetary Policy Strategy

File Size : 39,39 MB
Total View : 5238 Views
DOWNLOAD

This book by a leading authority on monetary policy offers a unique view of the subject from the perspectives of both scholar and practitioner. Frederic Mishkin