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dc.contributor.authorRitter, Raymonden_US
dc.date.accessioned2009-01-28T15:57:16Z-
dc.date.available2009-01-28T15:57:16Z-
dc.date.issued2003en_US
dc.identifier.urihttp://hdl.handle.net/10419/19319-
dc.description.abstractA two sector small open economy model developed by Corden (1991, 2002) is used to analyse the impact of sudden stops in capital inflows on an internal and external equilibrium and to explore the merits of disposing of the nominal exchange rate as policy tool in rectifying real exchange rate misalignments. It is shown how the economy?s sectoral demand properties determine the extent of recession associated with real exchange rate adjustment that is neither engineered by nominal exchange rate changes nor brought about by a decline in nontraded goods prices. The conclusion is drawn that, when deciding on the design of exchange rate regimes, the structural characteristics of the economy ought to be considered so as to appropriately strengthen its capacity to cope with shocks in the form of negative swings in capital inflows.en_US
dc.language.isoengen_US
dc.publisheren_US
dc.relation.ispartofseriesHWWA Discussion Paper 213en_US
dc.subject.jelF41en_US
dc.subject.jelF32en_US
dc.subject.jelF31en_US
dc.subject.ddc330en_US
dc.subject.keywordcapital inflowsen_US
dc.subject.keywordsudden stopsen_US
dc.subject.keywordreal exchange rate adjustmenten_US
dc.subject.keywordexchange rate regimesen_US
dc.subject.stwWechselkurssystemen_US
dc.subject.stwKapitalimporten_US
dc.subject.stwWährungskriseen_US
dc.subject.stwKonjunkturen_US
dc.subject.stwKleines-offenes-Landen_US
dc.subject.stwMehr-Sektoren-Modellen_US
dc.subject.stwTheorieen_US
dc.titleSudden Stops in Capital Inflows and the Design of Exchange Rate Regimesen_US
dc.typeWorking Paperen_US
dc.identifier.ppn359106730en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:hwwadp:26317-
Appears in Collections:HWWA Discussion Paper, Hamburgisches Welt-Wirtschafts-Archiv

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