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...
| Údar corparáideach: | |
|---|---|
| Formáid: | IRIS |
| Teanga: | English |
| Foilsithe / Cruthaithe: |
Washington, D.C. :
International Monetary Fund,
1989.
|
| Sraith: | IMF Working Papers; Working Paper ;
No. 1989/078 |
| Rochtain ar líne: | Full text available on IMF |