Liquidity Management under Fixed Exchange Rate with Open Capital Account
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- Alina Carare & Carlos de Resende & Andrew T. Levin & Chelsea Zhang, 2021. "Do Monetary Policy Frameworks Matter in Low Income Countries?," NBER Working Papers 28536, National Bureau of Economic Research, Inc.
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Keywords
WP; exchange rate; central bank; interest rate; rate; Fixed exchange rate regime; price-specie flow mechanism; uncovered interest rate parity; offset coefficients; monetary operations; autonomous factors; money and foreign exchange markets; discount window; capital account; supply curve; money market rate; excess reserves; FX intervention; central bank liquidity management; liquidity absorption operation; liquidity-providing operation; liquidity shock; money demand; country risk; Conventional peg; Exchange rate arrangements; Money markets; Liquidity management; Global;All these keywords.
NEP fields
This paper has been announced in the following NEP Reports:- NEP-MAC-2020-08-10 (Macroeconomics)
- NEP-MON-2020-08-10 (Monetary Economics)
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