Showing 1 - 10 of 258
Persistent link: https://www.econbiz.de/10000880216
Persistent link: https://www.econbiz.de/10001376712
Persistent link: https://www.econbiz.de/10000537562
Persistent link: https://www.econbiz.de/10000124759
Persistent link: https://www.econbiz.de/10000110500
Persistent link: https://www.econbiz.de/10000583874
This paper discusses the 59th issue of the By-Laws and Rules and Regulations of the IMF. The By-Laws are adopted under the authority of, and are intended to be complementary to, the Articles of Agreement of the IMF. The Rules and Regulations supplement the Articles of Agreement and the By-Laws...
Persistent link: https://www.econbiz.de/10014405226
A common rationale for EMS membership is that it enhances the credibility of a central bank’s commitment to stable monetary growth. In this paper we consider this idea in the light of two features of the system, namely, the existence of exchange rate bands and the prevalence of capital...
Persistent link: https://www.econbiz.de/10014396035
A simple two-country stochastic model is used to analyze monetary policy interaction in a system of exchange rate bands such as the EMS, in the context of internationally-integrated financial markets. We consider the widely-acknowledged asymmetry of the system, as it pertains to member...
Persistent link: https://www.econbiz.de/10014396204
This paper analyzes, in a public finance context, how the optimal use of the inflation and the consumption tax is affected by incorporating into the model constraints on policy decisions that are likely to develop in the context of the EMS by 1992. Two main questions are addressed: first, how...
Persistent link: https://www.econbiz.de/10014396346