Exchange rate policy under sovereign default risk

dc.contributor.author	Schabert, Andreas
dc.date.accessioned	2011-02-08T11:44:08Z
dc.date.available	2011-02-08T11:44:08Z
dc.date.issued	2011-02-08
dc.description.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.	en
dc.identifier.uri	http://hdl.handle.net/2003/27609
dc.identifier.uri	http://dx.doi.org/10.17877/DE290R-445
dc.language.iso	en	de
dc.relation.ispartofseries	Discussion Paper / SFB 823 ; 07/2011
dc.subject	Equilibrium	en
dc.subject	Intertemporal insolvency	en
dc.subject	Monetary policy options	en
dc.subject	Small open economy	en
dc.subject.ddc	310
dc.subject.ddc	330
dc.subject.ddc	620
dc.title	Exchange rate policy under sovereign default risk	en
dc.type	Text	de
dc.type.publicationtype	workingPaper	de
dcterms.accessRights	open access

Files

Now showing 1 - 1 of 1

Now showing 1 - 1 of 1