Foreign currency deposits : implications for macroeconomic policies /

Foreign currency deposits : implications for macroeconomic policies /

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Bibliographic Details
Author / Creator:	Georgiou, Andréas, author.
Imprint:	[Washington, D.C.?] : International Monetary Fund, European Department, 1991.
Description:	1 online resource (iii, 27 pages) : illustrations.
Language:	English
Series:	IMF working paper ; WP/91/108 IMF working paper ; WP/91/108.
Subject:	Monetary policy -- Econometric models. Foreign exchange rates -- Econometric models. Foreign exchange rates -- Econometric models. Monetary policy -- Econometric models.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12496030

Hidden Bibliographic Details
Other authors / contributors:	International Monetary Fund. European Department, issuing body.
Notes:	Includes bibliographical references (pages 26-27). Restrictions unspecified Electronic reproduction. [S.l.] : 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 digitized 2010 HathiTrust Digital Library committed to preserve Print version record.
Summary:	Annotation This paper discusses the relationship between foreign currency deposits and money, and it shows that the indexation of part of the nominal money supply to the exchange rate, as a result of the presence of foreign currency deposits, will increase the inflationary effects of monetary disequilibria under a floating exchange rate system and will reduce the effect of a devaluation of a usually fixed exchange rate. When a real exchange rate rule is followed, the presence of foreign currency deposits implies that there is less of a tradeoff between the rate of nominal depreciation/inflation and the level of the real exchange rate. the paper shows how certain aspects of financial programming may be affected by the presence of these deposits.
Other form:	Print version: Georgiou, Andréas. Foreign currency deposits. [Washington, D.C.?] : International Monetary Fund, European Dept., 1991

Description
Physical Description:	1 online resource (iii, 27 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 26-27).