haku: @author Vitale, P. / yhteensä: 4
viite: 4 / 4
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| Tekijä: | Flood, R. Perraudin, W. Vitale, P. |
| Otsikko: | Reserve and exchange rate cycles |
| Lehti: | Journal of International Economics
1998 : OCT, VOL. 46:1, p. 31-59 |
| Asiasana: | INTERNATIONAL ECONOMICS EXCHANGE RATES |
| Kieli: | eng |
| Tiivistelmä: | Many Latic American countries appear locked into cycles of reserve loss, devaluation and temporary reserve gains. This paper shows how a dual exchange rate system with leakages may generate cycles in reserves and the premium between official and parallel exchange rates. The authors study the dynamics of these cycles and their asymptotic behavior both analytically and numerically. |
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