Normal view MARC view ISBD view

Exchange rate crises and capital market imperfections in small open economies

By:

Crowe, Chris

Material type: Text

TextPublication details: CDB St. MichaelBB 2000Description: 1 v. (various pagings)Action note:

12/13/00 JOY_D

Summary: Estimates a model derived from 'first generation' accounts of exchange rate crises, using Barbados as a case study. Indicates that the standard 'first generation' model (FGM) should be modified by the addition of dynamics and allowance for capital market imperfections. Notes that the paper is supportive of the view that rapid capital account liberalisation, exchange rate stability and an autonomous monetary policy are not simultaneously attainable.

Tags from this library: No tags from this library for this title. Log in to add tags.

Average rating: 0.0 (0 votes)

No physical items for this record

Estimates a model derived from 'first generation' accounts of exchange rate crises, using Barbados as a case study. Indicates that the standard 'first generation' model (FGM) should be modified by the addition of dynamics and allowance for capital market imperfections. Notes that the paper is supportive of the view that rapid capital account liberalisation, exchange rate stability and an autonomous monetary policy are not simultaneously attainable.