Limits of Floating Exchange Rates : the Role of Foreign Currency Debt and Import Structure /
A traditional argument in favor of flexible exchange rates is that they insulate output better from real shocks, because the exchange rate can adjust and stabilize demand for domestic goods through expenditure switching. This argument is weakened in models with high foreign currency debt and low exc...
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| פורמט: | כתב-עת |
| שפה: | English |
| יצא לאור: |
Washington, D.C. :
International Monetary Fund,
2011.
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| סדרה: | IMF Working Papers; Working Paper ;
No. 2011/042 |
| גישה מקוונת: | Full text available on IMF |