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150128 ||| eng |
020 |
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|a 9781451843736
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100 |
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|a Ghosh, Atish
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|a The Interest Rate-Exchange Rate Nexus in the Asian Crisis Countries
|c Atish Ghosh, Gabriela Basurto
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260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2000
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300 |
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|a 25 pages
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651 |
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4 |
|a Korea, Republic of
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653 |
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|a Interest rates
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|a Investment
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|a Money and Interest Rates: General
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653 |
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|a Finance
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653 |
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|a Return on investment
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653 |
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|a Monetary economics
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653 |
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|a Currency; Foreign exchange
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653 |
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|a Financial services
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653 |
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|a Real interest rates
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653 |
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|a Monetary Policy, Central Banking, and the Supply of Money and Credit: General
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653 |
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|a Intangible Capital
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653 |
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|a National accounts
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|a Money
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|a Money supply
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|a International Financial Markets
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|a Foreign Exchange
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|a Monetary base
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|a Depreciation
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|a Demand for Money
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|a Saving and investment
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|a Banks and Banking
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653 |
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|a Investments: General
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653 |
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|a Demand for money
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653 |
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|a Macroeconomics
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653 |
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|a Interest Rates: Determination, Term Structure, and Effects
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653 |
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|a Capacity
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653 |
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|a Exchange rates
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653 |
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|a Capital
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653 |
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|a Money and Monetary Policy
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653 |
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|a Foreign exchange
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|a Basurto, Gabriela
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041 |
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|a eng
|2 ISO 639-2
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|b IMF
|a International Monetary Fund
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|a IMF Working Papers
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|a 10.5089/9781451843736.001
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856 |
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|u https://elibrary.imf.org/view/journals/001/2000/019/001.2000.issue-019-en.xml?cid=3421-com-dsp-marc
|x Verlag
|3 Volltext
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|a 330
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|a Sharp exchange rate depreciations in the East Asian crisis countries (Indonesia, Korea, and Thailand) raised doubts about the efficacy of increasing interest rates to defend the currency. Using a standard monetary model of exchange rate determination, this paper shows that tighter monetary policy was in fact associated with an appreciation of the exchange rate. Moreover, there is little evidence of higher real interest rates contributing to a widening of the risk premium
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