Record Details

Money and Exchange-Rate Adjustments in an LDC Context

Philippine Review of Economics

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Field Value
 
Title Money and Exchange-Rate Adjustments in an LDC Context
 
Creator Canlas, Dante B.; Professor of Economics, School of Economics, University of the Philippines Diliman; Deputy Director General, National Economic and Development Authority
 
Subject
 
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.
 
Publisher Philippine Review of Economics
 
Contributor
 
Date 1994-12-23
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://www.econ.upd.edu.ph/pre/index.php/pre/article/view/131
 
Source Philippine Review of Economics; Vol 31, No 2 (1994)
1655-1516
 
Language eng
 
Relation http://www.econ.upd.edu.ph/pre/index.php/pre/article/view/131/460
 
Rights Copyright (c) 2017 Philippine Review of Economics