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Currency boards, dollarized liabilities, and monetary policy credibility
Spiegel, Mark (contributor); Valderrama, Diego (contributor) - 2003 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001763949
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Statistical nonlinearities in the business cycle : a challenge for the canonical RBC model
Valderrama, Diego (contributor) - 2002 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001721251
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Currency boards, dollarized liabilities, and monetary policy credibility
Valderrama, Diego; Spiegel, Mark M. - Federal Reserve Bank of San Francisco - 2003
The recent collapse of the Argentine currency board raises new questions about the desirability of formal fixed exchange rate regimes in modern developing economies. This paper examines the impact of dollarized liabilities with potential default for a currency board with costly abandonment. We...
Persistent link: https://www.econbiz.de/10010702238
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Currency boards, dollarized liabilities, and monetary policy credibility
Valderrama, Diego; Spiegel, Mark M. - Federal Reserve Bank of San Francisco - 2003
The recent collapse of the Argentine currency board raises new questions about the desirability of formal fixed exchange rate regimes in modern developing economies. This paper examines the impact of dollarized liabilities with potential default for a currency board with costly abandonment. We...
Persistent link: https://www.econbiz.de/10005514427