Work

Capital Account Policies and the Real Exchange Rate

Year: 2012

Type: report

Abstract: 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.

Source: National Bureau of Economic Research

DOI: 10.3386/w18404

Author: Olivier Jeanne

Institution: Johns Hopkins University

Language: English

Topic: Global Financial Crisis and Policies

Subfield: Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

Open Access status: green

OpenAlex ID: W3124728191

Cites: 29

Cited by: 42

Related to: 10