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"Sharp exchange rate depreciations, or currency crashes, are associated with poor economic outcomes in industrial countries only when they are caused by inflationary macroeconomic policies. Moreover, the poor outcomes are attributable to inflationary policies in general and not the currency crashes in particular. On the other hand, crashes caused by rising unemployment or external deficits have always had good economic consequences with stable or falling inflation rates"--Federal Reserve Board web site.
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Edition | Availability |
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1
Currency crashes in industrial countries: much ado about nothing?
2009, Federal Reserve Board
Electronic resource
in English
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Book Details
Edition Notes
Title from PDF file as viewed on 6/22/2009.
Includes bibliographical references.
Also available in print.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.
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The Physical Object
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- Created July 22, 2009
- 4 revisions
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October 29, 2020 | Edited by MARC Bot | import existing book |
July 29, 2012 | Edited by VacuumBot | Updated format '[electronic resource] :' to 'Electronic resource' |
December 15, 2009 | Edited by WorkBot | link works |
July 22, 2009 | Created by ImportBot | Imported from Library of Congress MARC record |