01657cas a2200241 a 4500 AALejournalIMF007759 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451976922 1018-5941 BD-DhAAL BD-DhAAL International Monetary Fund. Policy Assignment Strategies with Somewhat Flexible Exchange Rates Policy. Washington, D.C. : International Monetary Fund, 1988. 1 online resource (40 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The choice of assigning monetary or fiscal policy to external balance is complicated when the authorities are concerned with both the current account balance and the exchange rate. A strategy of using monetary policy to control the current account via the exchange rate may fail, because the relative-price effect is likely to be offset by the effect of monetary policy on aggregate demand. An alternative strategy, in which fiscal policy is assigned to limit shifts in the current account while the exchange rate is not directly targeted, may have a better chance of having favorable effects on both variables. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1988/040 Full text available on IMF http://elibrary.imf.org/view/journals/001/1988/040/001.1988.issue-040-en.xml IMF e-Library