Author/Editor: José Saúl Lizondo.

Release Date:April, 1993

This paper presents a model of an economy that uses nominal exchange rate policy to keep the real exchange rate constant at a certain target level, under imperfect asset substitutability. The paper more...

Author/Editor: D F I Folkerts-Landau, Donald J Mathieson, Morris Goldstein, Liliana Rojas-Suárez, José Saúl Lizondo, Timothy D Lane.

Release Date:April, 1991

The growing integration of capital markets has strengthened incentives for greater international coordination of economic and financial policies. Structural changes in these financial market, more...

Author/Editor: José Saúl Lizondo.

Release Date:October, 1990

This paper compares two alternative dual exchange market regimes. In one of them, the official market clears through changes in international reserves, while in the other regime, the central bank more...