Capital Account Policies and the Real Exchange Rate
Chapter in NBER book NBER International Seminar on Macroeconomics 2012 (2013), Francesco Giavazzi and Kenneth D. West, organizers (p. 7 - 42)
This paper presents a simple model of how a small open economy can undervalue its real exchange rate using its capital account policies. The paper presents several properties of such policies, and proposes a rule of thumb to assess their welfare cost. The model is applied to an analysis of Chinese capital account policies.This chapter is no longer available for free download, since the book has been published. To obtain a copy, you must buy the book.
Order from Amazon.com in hardcover or paperback
You may be able to access the full text of this document through JSTOR.
Document Object Identifier (DOI): 10.1086/669583This chapter first appeared as NBER working paper w18404, Capital Account Policies and the Real Exchange Rate, Olivier Jeanne
Commentary on this chapter:
Comment, Javier Bianchi
Comment, Lars E. O. Svensson
Users who downloaded this chapter also downloaded* these: