Monetary Policy and the Balance of Payments in Brazil and Chile

IT IS FOUND THAT EVEN IF THEIR EXCHANGE RATES HAD REMAINED CONSTANT, BRAZIL AND CHILE WOULD HAVE HAD ALMOST COMPLETE CONTROL OVER THEIR MONEY SUPPLIES, AS LONG AS THEY WERE ABLE TO FINANCE A PAYMENTS DEFICIT. HOWEVER, IT TAKES AT LEAST TWO YEARS BEFORE AN EXOGENOUS INCREASE IN BASE MONEY IS FULLY RE...

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Veröffentlicht in:	Journal of money, credit and banking credit and banking, 1976-05, Vol.8 (2), p.227-238
Hauptverfasser:	Miller, Norman C., Askin, Sherry S.
Format:	Artikel
Sprache:	eng
Schlagworte:	Balance of payments Balance of payments deficit Bank credit Base Capital mobility Central banks Coefficients Developing countries Economic sterilization Monetary base Monetary policy Money Money supply
Online-Zugang:	Volltext
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