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dc.contributor.authorMagud, Nicolas
dc.date.accessioned2004-10-15T13:54:18Z
dc.date.available2004-10-15T13:54:18Z
dc.date.issued2004-09-01
dc.identifier.urihttp://hdl.handle.net/1794/232
dc.description41 p.en
dc.description.abstractThe paper analyzes the choice of an exchange rate regime for a small open economy indebted in foreign currency, incorporating the ¯nancial accelerator. Conventional wisdom suggests that floating regimes should insulate the economy from real shocks. I show that this result depends on the degrees of openness of the economy and foreign currency indebtedness and, in fact, does not hold for relatively closed economies. The transmission mechanism relies on nonlinearities in the impact of unanticipated real price changes on the external finance premium, in the spirit Fisher (1933).en
dc.format.extent598382 bytes
dc.format.mimetypeapplication/pdf
dc.language.isoen_US
dc.publisherUniversity of Oregon, Dept of Economicsen
dc.relation.ispartofseriesUniversity of Oregon Economics Department Working Papers;2004-14
dc.subjectCurrency mismatchen
dc.subjectLiability dollarizationen
dc.subjectBalance sheetsen
dc.subjectExchange rate regimesen
dc.subjectOpennessen
dc.subjectNominal rigiditiesen
dc.titleCurrency Mismatch, Openness and Exchange Rate Regime Choiceen
dc.typeWorking Paperen


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