Overshootings and reversals: the role of monetary policy
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Date
2002
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Banco Central de Chile
Abstract
Description
Does tight monetary policy stabilize the currency after a collapse?. Does the effect of high interest rates on the exchange rate depend on the condition of the banking system? The East Asian crises and other recent currency crises have put these questions at the center of economic policymaking decisions.
Keywords
POLÍTICA MONETARIA, TASAS DE INTERÉS, TIPO DE CAMBIO, CRISIS FINANCIERA