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The Perils of Sterilization

The paper argues that the sterilization of capital inflows at the start of a price-stabilization program may give rise to future pressures to discontinue the program as a result of the unduly high debt-service burden that the sterilization policy may generate

Bibliographic Details
Corporate Author: International Monetary Fund
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 1990
Series:IMF Working Papers
Subjects:
Public Finance
Prices
Sterilization
Monetary Economics
Inflation
Domestic Debt
Debts, Public
Banking
Money Supply
Monetary Base
Monetary Policy, Central Banking, And The Supply Of Money And Credit: General
Monetary Policy
Public Finance & Taxation
Money And Monetary Policy
Debt
Sovereign Debt
Price Level
Macroeconomics
Foreign Exchange Reserves
Deflation
Central Banks And Their Policies
Debt Management
Banks And Banking
International Reserves
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:The paper argues that the sterilization of capital inflows at the start of a price-stabilization program may give rise to future pressures to discontinue the program as a result of the unduly high debt-service burden that the sterilization policy may generate
Physical Description:10 pages
ISBN:9781451924695

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