A "vertical" analysis of crises and intervention fear of floating and ex-ante problems
Emerging economies are prone to crises triggered by external shocks. During these crises, should the central bank stabilize the currency or domestic interest rates? If the choice is outside the central bank's control, as in a currency board, are there good policy substitutes? We argue that thes...
| Main Authors: | , |
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| Format: | Book |
| Language: | English |
| Published: |
Cambridge, Mass.
National Bureau of Economic Research
2001.
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| Series: | NBER working paper series
no.8428 |
| Subjects: | |
| Online Access: | Download full text here |