Does Monetary Policy Stabilize the Exchange Rate Following a Currency Crisis?

Does Monetary Policy Stabilize the Exchange Rate Following a Currency Crisis?
This paper provides evidence on the relationship between monetary policy and the exchange rate in the aftermath of currency crises. It analyzes a large data set of currency crises in 80 countries for the period 1980-98. The main question addressed is: Can monetary policy increase the probability of reversing a postcrisis undervaluation through... READ MORE...

Publication date: March 1999
ISBN 9781451846195
$15.00

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