Authors: Schabert, Andreas
Title: Exchange rate policy under sovereign default risk
Language (ISO): en
Abstract: We examine monetary policy options for a small open economy where sovereign default might occur due to intertemporal insolvency. Under interest rate policy and floating exchange rates the equilibrium is indetermined. Under a fixed exchange rate the equilibrium is uniquely determined and independent of sovereign default.
Subject Headings: Equilibrium
Intertemporal insolvency
Monetary policy options
Small open economy
Issue Date: 2011-02-08
Appears in Collections:Sonderforschungsbereich (SFB) 823

Files in This Item:
File Description SizeFormat 
DP_0711_SFB823_Schabert.pdfDNB192.09 kBAdobe PDFView/Open

This item is protected by original copyright

All resources in the repository are protected by copyright.