Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/101771
Authors: 
Sundararajan, Srinivasa
Year of Publication: 
1994
Series/Report no.: 
Diskussionsbeiträge: Serie II, Sonderforschungsbereich 178 "Internationalisierung der Wirtschaft", Universität Konstanz 245
Abstract: 
The transmission of correlated economic disturbances is analyzed in a three-country world, where two countries have no macroeconomic impact on a third country but are large enough to influence each other under a system of mixed exchange rates-a system that combines both fixed and flexible exchange rates. Drawing insights from a theoretical three-country model, I present and discuss the consequences for small countries of a variety of correlated shocks under different degrees of indexation. The implications of the results are also indicated
JEL: 
F31
Document Type: 
Working Paper

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