Financial Intermediation, Real Exchange Rates, and Unconventional Policies in an Open Economy
Published Date
Copyright 2017
DOI 10.1016/j.jinteco.2016.12.012
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Copy CitationLuis Felipe Céspedes, Roberto Chang, and Andrés Velasco, NBER International Seminar on Macroeconomics 2016 (Journal of International Economics, Volume 108, Supp. 1 (Elsevier), 2016), chap. 6, https://www.nber.org/books-and-chapters/nber-international-seminar-macroeconomics-2016/financial-intermediation-real-exchange-rates-and-unconventional-policies-open-economy.
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This paper develops an open economy model in which financial intermediation is subject to occasionally binding...