Hidden Bibliographic Details
| Other authors / contributors: | International Monetary Fund. Western Hemisphere Department.
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| ISBN: | 1282045903
9781282045903
1451899173
9781451899177
1462328733
9781462328734
9786613797681
6613797685
9781451853773
1451853777
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| Notes: | Includes bibliographical references (pages 39-42).
Restrictions unspecified
Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
English.
digitized 2010 HathiTrust Digital Library committed to preserve
Print version record.
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| Summary: | The term exchange market pressure (EMP) generally refers to movements in two key external sector variables, namely (official) international reserve holdings and the (nominal) exchange rate. 2 More precisely, Girton and Roper's (1977) seminal paper defined EMP as the sum of exchange rate depreciation and reserve outflows (scaled by base money).3 Such a measure summarizes the difference between the growth rates of money supply and demand under managed exchange rate regimes. 4.
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| Other form: | Print version: Tanner, Evan. Exchange market pressure and monetary policy. [Washington, D.C.] : International Monetary Fund, Western Hemisphere Department, ©1999
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| Standard no.: | 10.5089/9781451899177.001
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