Hidden Bibliographic Details
| Other authors / contributors: | Mathieson, Donald J., author.
International Monetary Fund, issuing body.
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| ISBN: | 145529876X
9781455298761
9781455298761
1462398545
9781462398546
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| Notes: | English.
Online resource; title from HTML home page (IMF, viewed September 2, 2014).
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| Summary: | This paper examines how a countrys exchange rate policy should be adjusted when the degree of integration between domestic and external financial markets increases as a result of both domestic financial liberalization and the relaxation of capital controls. As the financial structure is opened and liberalized, the optimal scale of exchange market intervention changes as the relative importance of different domestic and foreign shocks for output and price stability is altered. Nonetheless, the response of the optimal degree of intervention to increases in the variances of the various domestic and foreign shocks is similar across all financial structures.
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| Other form: | Print version: Mathieson, Donald J. Financial market integration and exchange rate policy. [Washington, D.C.] : International Monetary Fund, Research Dept., 1990
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