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Exchange-rate Regimes and the Transition Process in the Western Balkans

✍ Scribed by Ansgar Belke; Albina Zenkić


Book ID
106305269
Publisher
Springer-Verlag
Year
2007
Tongue
English
Weight
105 KB
Volume
42
Category
Article
ISSN
0020-5346

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## 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