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A note on the theory of offsetting capital flows

✍ Scribed by Michele Ratianni

Book ID
116124507
Publisher
Elsevier Science
Year
1977
Tongue
English
Weight
439 KB
Volume
3
Category
Article
ISSN
0304-3932

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## Abstract This paper provides a unifying framework in which identified offset and sterilization equations can be derived and estimated. The theoretical model suggests that, in the case where the central bank cares about both external and internal goals and capital is less than perfectly mobile, t