Exchange Rate Regimes and Financial-Market Imperfections
收藏NBER2000-06-01 更新2025-01-04 收录
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https://www.nber.org/papers/w7738
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This paper investigates the design of an exchange rate policy for an economy where the domestic capital market is segmented from the global financial market, producers rely on credit to finance working capital needs, and the labor market is characterized by nominal contracts. We show that the choice
本文探讨了一类经济体的汇率政策设计问题，此类经济体的国内资本市场与全球金融市场相互分割，生产者依赖信贷满足营运资金需求，且劳动力市场以名义合约为特征。我们的研究表明，该选择
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美国国家经济研究局创建时间：
2000-06-01
