Capital Controls, The Dual Exchange Rate, and Devaluation
收藏NBER1984-04-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w1324
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资源简介：
This paper re-examines the effect of devaluation under capital-account restrictions, adding to traditional formulations the seemingly minor (but realistic) assumption that central-bank reserves earn interest. The extra assumption has important implications. In an intertemporal model, devaluation is
提供机构：
美国国家经济研究局
创建时间：
1984-04-01
