Since 2014
Monetary and Fiscal Policies, Endogenous Currency Substitution, and Exchange Rate Volatility
Philippine Review of Economics
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| Title |
Monetary and Fiscal Policies, Endogenous Currency Substitution, and Exchange Rate Volatility
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| Creator |
Natividad-Carlos, Fidelina B.
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| Subject |
—
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| Description |
This papers employs two small, open economy macro models of exchange rate determination - a portfolio balance model and an asset market model ¨C to examine implications of endogenous currency substitution on exchange rate volatility arising from monetary and fiscal policies. It is shown that, in both models, the exchange rate response and the extent of exchange rate overshooting and undershooting depend on the degree of currency substitution.
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| Publisher |
Philippine Review of Economics
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| Contributor |
—
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| Date |
1998-06-20
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Article |
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| Format |
application/pdf
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| Identifier |
http://www.econ.upd.edu.ph/pre/index.php/pre/article/view/78
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| Source |
Philippine Review of Economics; Vol 35, No 1 (1998)
1655-1516 |
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| Language |
eng
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| Relation |
http://www.econ.upd.edu.ph/pre/index.php/pre/article/view/78/493
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| Rights |
Copyright (c) 2018 Philippine Review of Economics
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