## 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
Exchange rate regime credibility, the agency cost of capital and devaluation
โ Scribed by Roger Craine
- Publisher
- Elsevier Science
- Year
- 2002
- Tongue
- English
- Weight
- 203 KB
- Volume
- 26
- Category
- Article
- ISSN
- 0165-1889
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