Financial Market Integration and Exchange Rate Policy

Financial Market Integration and Exchange Rate Policy
This paper examines how a country's exchange rate policy should be adjusted when the degree of integration between domestic and external financial markets increases as a result of both domestic financial liberalization and the relaxation of capital controls. As the financial structure is opened and liberalized, the optimal scale of exchange... READ MORE...

Publication date: January 1990
ISBN 9781451930979
$15.00

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