Hidden Bibliographic Details
| Other authors / contributors: | Winkelried, Diego, author.
International Monetary Fund. Research Department.
|
|---|
| ISBN: | 1451893191
9781451893199
1281608203
9781281608208
1462352065
9781462352067
1452788634
9781452788630
9786613788696
6613788694
|
|---|
| Notes: | Includes bibliographical references (pages 31-35).
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.
|
|---|
| Summary: | One distinguishable characteristic of emerging market economies is that they are not financially robust. These economies are incapable of smoothing out large external shocks, as sudden capital outflows imply large and abrupt swings in the real exchange rate. Using a small open-economy model, this paper examines alternative monetary policy rules for economies with different degrees of liability dollarization. The paper answers the question of how efficient it is to use inflation targeting under high liability dollarization. Our findings suggest that it might be optimal to follow a nonlinear policy rule that defends the real exchange rate in a financially vulnerable economy.
|
|---|
| Other form: | Print version: Morón, Eduardo. Monetary policy rules for financially vulnerable economies. [Washington, D.C.] : International Monetary Fund, ©2003
|
|---|
| Standard no.: | 10.5089/9781451893199.001
|
|---|
