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International Monetary and Financial Arrangements: Present and Future

✍ Scribed by Dominick Salvatore


Book ID
110261640
Publisher
Springer US
Year
1998
Tongue
English
Weight
167 KB
Volume
9
Category
Article
ISSN
0923-7992

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New international monetary arrangements
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## Abstract I show how to implement in a simple manner the comparison of alternative monetary policy rules in a two‐country model of the new generation. These rules are: Full Price Stability, Taylor, Fixed and Managed Exchange Rates. I find, first, that the exchange rate dynamic is non‐stationary u