Text
the Balance of payments offset to monetary policy: monetarist, portfolio balance, and keynesian estimates for Mexico and Venezuela
investigates the extent to which monetary policy retains independence under fixed exchange rates by estimating the balance of payments offset coefficient—the degree to which changes in domestic credit are neutralized by reserve flows. The study compares three theoretical frameworks: the monetarist model (assuming perfect capital mobility and asset substitutability), the portfolio balance model (focusing on asset market equilibrium), and a Keynesian model (incorporating current and capital account dynamics).
Ketersediaan
| Call Number | Location | Available |
|---|---|---|
| JMCB1804 | PSB lt.dasar - Pascasarjana | 1 |
| Penerbit | Ohio: Ohio State University Press 1986 |
|---|---|
| Edisi | Vol. 18, No. 4, Nov., 1986 |
| Subjek | Fixed exchange rates balance of payments offset monetary policy independence monetarist model mexico and venezuela economies |
| ISBN/ISSN | 00222879 |
| Klasifikasi | NONE |
| Deskripsi Fisik | 15 p. |
| Info Detail Spesifik | Journal of Money, Credit and Banking |
| Other Version/Related | Tidak tersedia versi lain |
| Lampiran Berkas |