Fixed Versus Flexible Exchange Rates: Preliminaries of a Turn-of-Millenium Rematch

dc.contributor.authorCalvo, Guillermo A.
dc.date.accessioned2007-02-16T20:35:08Z
dc.date.available2007-02-16T20:35:08Z
dc.date.issued1999-05-16
dc.description.abstractThis note examines the pros and cons of flexible and fixed exchange rates in terms of a bear-bones model which, however, takes into account features that have played a prominent role in recent currency crises, namely, volatility of capital flows and the real exchange rate, currency substitution and financial fragility, and the Credit Channel.en
dc.format.extent76918 bytes
dc.format.mimetypeapplication/pdf
dc.identifier.urihttp://hdl.handle.net/1903/4295
dc.language.isoen_USen
dc.relation.isAvailableAtDigital Repository at the University of Marylanden_us
dc.relation.isAvailableAtEconomics Departmenten_us
dc.relation.isAvailableAtCollege of Behavioral and Social Sciencesen_us
dc.relation.isAvailableAtUniversity of Maryland (College Park, Md.)en_us
dc.subjectflexible exhange ratesen
dc.subjectfixed exchange ratesen
dc.subjectcurrency crisesen
dc.subjectvolatilityen
dc.subjectcapital flowsen
dc.subjectreal exchange rateen
dc.subjectcurrency substitutionen
dc.subjectfinancial fragilityen
dc.subjectcredit channelen
dc.titleFixed Versus Flexible Exchange Rates: Preliminaries of a Turn-of-Millenium Rematchen
dc.typeArticleen

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