Financial market integration and exchange rate policy /

Financial market integration and exchange rate policy /

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Bibliographic Details
Author / Creator:	Rojas-Suárez, Liliana, author.
Imprint:	Washington, D.C. : International Monetary Fund, 1990.
Description:	1 online resource.
Language:	English
Series:	[Working paper] ; [no. 90/2] IMF working paper ; WP/90/2.
Subject:	Foreign exchange -- Econometric models. Credit control -- Econometric models. Credit control -- Econometric models. Foreign exchange -- Econometric models.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12500907

Hidden Bibliographic Details
Other authors / contributors:	Mathieson, Donald J., author. International Monetary Fund, issuing body.
ISBN:	145529876X 9781455298761 9781455298761 1462398545 9781462398546
Notes:	English. Online resource; title from HTML home page (IMF, viewed September 2, 2014).
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.
Other form:	Print version: Mathieson, Donald J. Financial market integration and exchange rate policy. [Washington, D.C.] : International Monetary Fund, Research Dept., 1990

Description
Summary:	This paper examines how a country's 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.
Physical Description:	1 online resource.
ISBN:	145529876X 9781455298761 1462398545 9781462398546