Money Versus Credit in the Determination of Output for Small Open Economies.
It is well known that in a small open economy where there is perfect substitutability between domestic and foreign assets and costless portfolio adjustment, the monetary authorities cannot control the money supply, but can influence the balance of payments through the use of domestic credit. It has...
| מחבר תאגידי: | |
|---|---|
| פורמט: | כתב-עת |
| שפה: | English |
| יצא לאור: |
Washington, D.C. :
International Monetary Fund,
1989.
|
| סדרה: | IMF Working Papers; Working Paper ;
No. 1989/078 |
| גישה מקוונת: | Full text available on IMF |