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Behind the scenes of abandoning a fixed exchange rate regime

โœ Scribed by Kang, Hyunju

Book ID
122415049
Publisher
Elsevier Science
Year
2013
Tongue
English
Weight
713 KB
Volume
37
Category
Article
ISSN
0378-4266

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The stabilization properties of fixed an
The stabilization properties of fixed and floating exchange rate regimes
โœ Keith Pilbeam ๐Ÿ“‚ Article ๐Ÿ“… 2004 ๐Ÿ› John Wiley and Sons ๐ŸŒ English โš– 133 KB

## Abstract This paper investigates the price and output stabilization properties of fixed and floating exchange rates using a small open economy model. The performance of the two regimes is compared in the face of money demand, aggregate demand and aggregate supply shocks. It is shown that the ran