Money and Exchange-Rate Adjustments in an LDC Context
Philippine Review of Economics
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Title |
Money and Exchange-Rate Adjustments in an LDC Context
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Creator |
Canlas, Dante B.; Professor of Economics, School of Economics, University of the Philippines Diliman; Deputy Director General, National Economic and Development Authority
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Subject |
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Description |
The paper presents theoretical models designed to examine, first, the links between a monetary expansion and the collapse of a fixed exchange rate, and second, the behavior of the real exchange rate following a devaluation. Under a free float, a monetary expansion leads to an appreciation in the long-run. If the monetary authority intervenes to prevent the depreciation, then foreign reserves decline to restore asset-market equilibrium.
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Publisher |
Philippine Review of Economics
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Contributor |
—
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Date |
1994-12-23
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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/131
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Source |
Philippine Review of Economics; Vol 31, No 2 (1994)
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/131/460
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Rights |
Copyright (c) 2017 Philippine Review of Economics
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