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- W3023157059 abstract "This study examines the international repercussions of national sterilization policies under fixed exchange rates and managed flexibility. Using a stochastic framework, the study shows how sterilization, or the use of a reserve currency with the automatic sterilization which that implies, modifies the impact of balance of payments disturbances on key financial variables in the domestic and foreign countries. In both exchange rate regimes, sterilization by the foreign country imposes costs on the domestic country by magnifying the impact of balance of payments disturbances on the domestic financial market." @default.
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- W3023157059 date "1980-02-01" @default.
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- W3023157059 title "Cross country effects of sterilization, reserve currencies, and foreign exchange intervention" @default.
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- W3023157059 doi "https://doi.org/10.1016/0022-1996(80)90031-8" @default.
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