The Resource Exchange rate uncertainty in money-based stabilization programs, prepared by R. Armando Morales

Exchange rate uncertainty in money-based stabilization programs, prepared by R. Armando Morales

Label
Exchange rate uncertainty in money-based stabilization programs
Title
Exchange rate uncertainty in money-based stabilization programs
Statement of responsibility
prepared by R. Armando Morales
Creator
Contributor
Subject
Language
eng
Summary
Annotation
Member of
Action
digitized
Cataloging source
OCLCE
Government publication
international or intergovernmental publication
Index
no index present
LC call number
HG3881.5.I58
LC item number
W67 no.98/3
Literary form
non fiction
Nature of contents
  • dictionaries
  • bibliography
Series statement
IMF working paper
Series volume
WP/98/3
Summary expansion
Complementing the explanation provided by Calvo and Vegh (1994) for money-based stabilization programs, exchange rate uncertainty introduced to a particular version of the portfolio approach with imperfect competition in the banking system leads to a bias toward appreciation that is directly related to the divergence of expectations and that dampens the interaction between portfolio movements and the real exchange rate. Based on Frankel-Froot, uncertainty exists when the fundamental equilibrium real exchange rate is temporarily unknown in a foreign exchange market with two types of agents: parity-guessers, who expect a jump to a reference parity level, and money-followers, who expect nominal depreciation equal to the monetary rule
Label
Exchange rate uncertainty in money-based stabilization programs, prepared by R. Armando Morales
Publication
Antecedent source
file reproduced from original
Bibliography note
Includes bibliographical references (page 18)
http://library.link/vocab/branchCode
  • net
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier
Color
black and white
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Control code
ocn647067333
Dimensions
unknown
Extent
1 online resource (18 pages)
File format
one file format
Form of item
online
Isbn
9781451890259
Media category
computer
Media MARC source
rdamedia
Media type code
c
http://library.link/vocab/recordID
.b37187429
Reproduction note
Electronic reproduction.
Specific material designation
remote
System control number
  • (OCoLC)647067333
  • imf128160321X
System details
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.

Library Locations

    • Deakin University Library - Geelong Waurn Ponds CampusBorrow it
      75 Pigdons Road, Waurn Ponds, Victoria, 3216, AU
      -38.195656 144.304955
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