Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/19319 
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dc.contributor.authorRitter, Raymonden
dc.date.accessioned2009-01-28T15:57:16Z-
dc.date.available2009-01-28T15:57:16Z-
dc.date.issued2003-
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
dc.language.isoengen
dc.publisher|aHamburg Institute of International Economics (HWWA) |cHamburgen
dc.relation.ispartofseries|aHWWA Discussion Paper |x213en
dc.subject.jelF41en
dc.subject.jelF32en
dc.subject.jelF31en
dc.subject.ddc330en
dc.subject.keywordcapital inflowsen
dc.subject.keywordsudden stopsen
dc.subject.keywordreal exchange rate adjustmenten
dc.subject.keywordexchange rate regimesen
dc.subject.stwWechselkurssystemen
dc.subject.stwKapitalimporten
dc.subject.stwWährungskriseen
dc.subject.stwKonjunkturen
dc.subject.stwKleines-offenes-Landen
dc.subject.stwMehr-Sektoren-Modellen
dc.subject.stwTheorieen
dc.titleSudden Stops in Capital Inflows and the Design of Exchange Rate Regimes-
dc.typeWorking Paperen
dc.identifier.ppn363656766en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:hwwadp:26317en

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