Balance Sheets and Exchange Rate Policy
收藏NBER2000-08-01 更新2025-01-04 收录
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https://www.nber.org/papers/w7840
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资源简介：
We study the relation among exchange rates, balance sheets, and macroeconomic outcomes in a small open economy. Because liabilities are dollarized,' a real devaluation has detrimental effects on entreprenurial net worth, which in turn constrains investment due to financial frictions. But there is an
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美国国家经济研究局创建时间：
2000-08-01
