Exchange rate policy under sovereign default risk

C-Tier
Journal: Economics Letters
Year: 2011
Volume: 112
Issue: 2
Pages: 179-181

Score contribution per author:

1.005 = (α=2.01 / 1 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We examine monetary policy options for a small open economy where sovereign default might occur due to intertemporal insolvency. Under interest rate policy and floating exchange rates the equilibrium is indetermined. Under a fixed exchange rate the equilibrium is uniquely determined and independent of sovereign default.

Technical Details

RePEc Handle
repec:eee:ecolet:v:112:y:2011:i:2:p:179-181
Journal Field
General
Author Count
1
Added to Database
2026-01-29