Exchange market pressure and monetary policy : Asia and Latin America in the 1990s /
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Author / Creator: | Tanner, Evan. |
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Imprint: | [Washington, D.C.] : International Monetary Fund, Western Hemisphere Department, ©1999. |
Description: | 1 online resource (42 pages) : illustrations |
Language: | English |
Series: | IMF working paper, 2227-8885 ; WP/99/114 IMF working paper ; WP/99/114. |
Subject: | |
Format: | E-Resource Book |
URL for this record: | http://pi.lib.uchicago.edu/1001/cat/bib/12496002 |
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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Physical Description: | 1 online resource (42 pages) : illustrations |
Format: | 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. |
Bibliography: | Includes bibliographical references (pages 39-42). |
ISBN: | 1282045903 9781282045903 1451899173 9781451899177 1462328733 9781462328734 9786613797681 6613797685 9781451853773 1451853777 |
ISSN: | 2227-8885 ; |