Sterilization and Monetary Control under Pegged Exchange Rates: Theory and Evidence
收藏NBER1980-02-01 更新2025-01-04 收录
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https://www.nber.org/papers/w0449
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In veiw of recent strong evidence that substantial sterilization of the monetary effects of reserve flows occurs, a modified monetary approach model is formulated in which central banks exercise no control over their domestic money supply despite their sterilization activities. This model is
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美国国家经济研究局创建时间：
1980-02-01
