Katalog GES

Policy Responses to Aid Surges in Countries with Limited International Capital Mobility: The Role of the Exchange Rate Regime

We study the role of the exchange rate regime, reserve accumulation, and sterilization policies in the macroeconomics of aid surges. Absent sterilization, a peg allows for almost full aid absorption - an increase in the current account deficit net of aid-delivering the same effects as those of a... Full description

1st Person: Berg, Andrew
Additional Persons: Portillo, Rafael A.; Zanna, Luis-Felipe
Type of Publication: Book
Published: Washington, D.C. International Monetary Fund 2014, 2014
Series: IMF Working Papers; Working Paper
Keywords: Uganda
Exchange Rate Regime
Fixed Exchange Rate
Flexible Exchange Rate
Exchange Rate
Fixed Exchange Rate Regime
Online: Volltext
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