Optimal Capital Controls and Real Exchange Rate Policies: A Pecuniary Externality Perspective
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资源简介：
A new theoretical literature studies the use of capital controls to prevent financial crises in models in which pecuniary externalities justify government intervention. Within the same theoretical framework, we show that when ex-post policies such as defending the exchange rate can contain or
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美国国家经济研究局创建时间：
2016-05-01
