Capital controls and foreign exchange market intervention
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DOI: 10.1016/j.jimonfin.2019.102098
Abstract: High level of capital controls and volatile exchange rates in developing countries are considered suboptimal in classical trilemma frameworks. The paper presents a New Keynesian small open economy model that assesses middle-ground policies, such as… read more here.
Keywords: foreign exchange; controls foreign; capital controls; exchange ... See more keywords