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Accumulating Foreign Reserves Under Floating Exchange Rates /
Official accumulation of foreign reserves may be perceived as interventions to influence the exchange rate, undermining the credibility of floating exchange rates and inflation targets. This paper develops a theoretical framework to study the interaction between reserve accumulation and monetary pol...
| Clasificación: | Libro Electrónico |
|---|---|
| Autor principal: | |
| Autor Corporativo: | |
| Otros Autores: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Washington, D.C. :
International Monetary Fund,
2008.
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| Colección: | IMF working paper ;
WP/08/96. |
| Temas: | |
| Acceso en línea: | Texto completo |
MARC
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| 100 | 1 | |a Gonçalves, Fernando M., |e author. | |
| 245 | 1 | 0 | |a Accumulating Foreign Reserves Under Floating Exchange Rates / |c prepared by Fernando M. Gonçalves. |
| 260 | |a Washington, D.C. : |b International Monetary Fund, |c 2008. | ||
| 300 | |a 1 online resource (41 pages) | ||
| 336 | |a text |b txt |2 rdacontent | ||
| 337 | |a computer |b c |2 rdamedia | ||
| 338 | |a online resource |b cr |2 rdacarrier | ||
| 490 | 1 | |a IMF working paper ; |v WP/08/96 | |
| 500 | |a Available in PDF, ePUB, and Mobi formats on the Internet. | ||
| 520 | |a Official accumulation of foreign reserves may be perceived as interventions to influence the exchange rate, undermining the credibility of floating exchange rates and inflation targets. This paper develops a theoretical framework to study the interaction between reserve accumulation and monetary policy. The model uncovers a trade-off between the speed of reserve accumulation and anti-inflationary credibility. Under reasonable assumptions, delegation of intervention and monetary policy decisions to separate government agencies allows faster reserve accumulation, while centralization of these decisions results in a more stable economy. The analysis underscores the importance of rather overlooked institutional features of policymaking in open economies. | ||
| 590 | |a ProQuest Ebook Central |b Ebook Central Academic Complete | ||
| 650 | 0 | |a Foreign exchange rates |x Econometric models. | |
| 650 | 0 | |a Bank reserves |x Econometric models. | |
| 650 | 0 | |a Monetary policy |x Econometric models. | |
| 650 | 4 | |a Bank reserves |x Econometric models. | |
| 650 | 4 | |a Foreign exchange rates |x Econometric models. | |
| 650 | 4 | |a Monetary policy |x Econometric models. | |
| 650 | 6 | |a Taux de change |x Modèles économétriques. | |
| 650 | 6 | |a Banques |x Réserves |x Modèles économétriques. | |
| 650 | 6 | |a Politique monétaire |x Modèles économétriques. | |
| 650 | 7 | |a Bank reserves |x Econometric models |2 fast | |
| 650 | 7 | |a Foreign exchange rates |x Econometric models |2 fast | |
| 650 | 7 | |a Monetary policy |x Econometric models |2 fast | |
| 700 | 1 | |a Goncalves, Fernando M. | |
| 710 | 2 | |a International Monetary Fund. | |
| 730 | 0 | |a IMF eLibrary. | |
| 776 | 0 | 8 | |i Print version: |a Gonçalves, Fernando M. |t Accumulating Foreign Reserves Under Floating Exchange Rates. |d Washington : International Monetary Fund, ©2008 |
| 830 | 0 | |a IMF working paper ; |v WP/08/96. | |
| 856 | 4 | 0 | |u https://ebookcentral.uam.elogim.com/lib/uam-ebooks/detail.action?docID=1607825 |z Texto completo |
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