Hidden Bibliographic Details
| Other authors / contributors: | International Monetary Fund. Policy Development and Review Department.
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| ISBN: | 1451899823
9781451899825
1462337805
9781462337804
1452798664
9781452798660
1282111736
9781282111738
9786613803924
6613803928
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| Notes: | Includes bibliographical references (pages 34-36).
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: | Annotation Interactions between banks and open capital account are investigated as rationalizations for empirical regularities characterizing disinflation programs anchored by the exchange rate. the financial system is characterized by bank dominance and lending externality banks do not internalize the effect of their lending on other banks information about potential borrowers. Model dynamics simulation shows that remonetization in the wake of disinflation increases loanable funds supply and translates into bank credit expansion financed by capital inflows. a credit-driven boom results, accompanied by overvaluation and current account deficits generating financial fragilities and vulnerability to a shock that can trigger banking and balance-of-payments crises.
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| Other form: | Print version: Sobolev, Yuri Vladimirovich. Exchange-rate-based stabilization. [Washington, D.C.] : International Monetary Fund, Policy Development and Review Dept., ©2000
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| Standard no.: | 10.5089/9781451899825.001
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