Fiscal Constraints of a Fixed Exchange Rate Regime.
The paper considers whether the implementation of a fixed exchange rate regime requires or implies binding constraints on fiscal policy. The main conclusions are that, from a country perspective, the effective constraint is on the degree of monetary financing, which bears an uncertain relationship t...
| Institution som forfatter: | |
|---|---|
| Format: | Tidsskrift |
| Sprog: | English |
| Udgivet: |
Washington, D.C. :
International Monetary Fund,
1989.
|
| Serier: | IMF Working Papers; Working Paper ;
No. 1989/107 |
| Online adgang: | Full text available on IMF |