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The dynamic unsubstitutability of sterilization operations and neutral-intervention operations under dual exchange rates

  • Wen-ya Chang
  • Ching-chong Lai

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File URL: http://hdl.handle.net/10.1007/BF01237194
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Article provided by Springer in its journal Journal of Economics Zeitschrift für Nationalökonomie.

Volume (Year): 68 (1998)
Issue (Month): 3 (October)
Pages: 235-253

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Handle: RePEc:kap:jeczfn:v:68:y:1998:i:3:p:235-253
Contact details of provider: Web page: http://www.springerlink.com/link.asp?id=108909

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  1. Dornbusch, Rudiger, 1976. " The Theory of Flexible Exchange Rate Regimes and Macroeconomic Policy," Scandinavian Journal of Economics, Wiley Blackwell, vol. 78(2), pages 255-75.
  2. Thornton, Daniel L., 1984. "The government budget constraint with endogenous money," Journal of Macroeconomics, Elsevier, vol. 6(1), pages 57-67.
  3. Robert P. Flood & Nancy Peregrim Marion, 1980. "The Transmission of Disturbances under Alternative Exchange-Rate Regimeswith Optimal Indexing," NBER Working Papers 0500, National Bureau of Economic Research, Inc.
  4. Turnovsky, Stephen J., 1976. "The dynamics of fiscal policy in an open economy," Journal of International Economics, Elsevier, vol. 6(2), pages 115-142, May.
  5. Joshua Aizenman, 1983. "Adjustment to Monetary Policy and Devaluation Under Two-Tier and Fixed Exchange Rate Regimes," NBER Working Papers 1107, National Bureau of Economic Research, Inc.
  6. Delbecque, Bernard, 1993. "Dual exchange rates under pegged interest rate and balance-of-payments crisis," Journal of International Money and Finance, Elsevier, vol. 12(2), pages 170-181, April.
  7. Marston, Richard C., 1985. "Stabilization policies in open economies," Handbook of International Economics, in: R. W. Jones & P. B. Kenen (ed.), Handbook of International Economics, edition 1, volume 2, chapter 17, pages 859-916 Elsevier.
  8. Pertti J. Haaparanta, 1988. "Dual Exchange Markets and Intervention," Canadian Journal of Economics, Canadian Economics Association, vol. 21(4), pages 814-25, November.
  9. Pablo E. Guidotti, 1988. "Insulation Properties under Dual Exchange Rates," Canadian Journal of Economics, Canadian Economics Association, vol. 21(4), pages 799-813, November.
  10. Lai, Ching-Chong & Chu, Yun-Peng & Chang, Wen-Ya, 1989. "Exchange Rate Dynamics under Dual Exchange Rates: The Case of Neutral Intervention Policy," The Manchester School of Economic & Social Studies, University of Manchester, vol. 57(3), pages 235-47, September.
  11. O'Connell, Joan, 1983. "Complete sterilization and perfect capital mobility," Economics Letters, Elsevier, vol. 12(1), pages 69-72.
  12. Daniel Gros, 1988. "Dual Exchange Rates in the Presence of Incomplete Market Separation: Long-Run Effectiveness and Policy Implications," IMF Staff Papers, Palgrave Macmillan, vol. 35(3), pages 437-460, September.
  13. Robert E. Cumby, 1984. "Monetary Policy Under Dual Exchange Rates," NBER Working Papers 1424, National Bureau of Economic Research, Inc.
  14. Kiguel, Miguel A., 1987. "The non-dynamic equivalence of monetary and exchange rate rules under imperfect capital mobility and rational expectations," Journal of International Money and Finance, Elsevier, vol. 6(2), pages 207-214, June.
  15. Dornbusch, Rudiger & Helmers, F. Leslie C. H. (ed.), 1988. "The Open Economy: Tools for Policymakers in Developing Countries," OUP Catalogue, Oxford University Press, number 9780195207095.
  16. Calvo, Guillermo A & Rodriguez, Carlos Alfredo, 1977. "A Model of Exchange Rate Determination under Currency Substitution and Rational Expectations," Journal of Political Economy, University of Chicago Press, vol. 85(3), pages 617-25, June.
  17. Richard C. Marston, 1983. "Stabilization Policies in Open Economies," NBER Working Papers 1117, National Bureau of Economic Research, Inc.
  18. Marion, Nancy Peregrim, 1981. "Insulation Properties of a Two-Tier Exchange Market in a Portfolio Balance Model," Economica, London School of Economics and Political Science, vol. 48(189), pages 61-70, February.
  19. Lai, Ching-chong & Chang, Wen-ya, 1987. "Dynamic stability under a dual exchange rate regime with neutral intervention operations," Economics Letters, Elsevier, vol. 25(1), pages 67-70.
  20. Boyer, Russel S., 1979. "Sterilization and the monetary approach to balance of payments analysis," Journal of Monetary Economics, Elsevier, vol. 5(2), pages 295-300, April.
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