Series: IMF Working Papers
Author(s): Lei Zhang , A. Hamann , and Andres Arias Leiva
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 February 2005
Keywords: Inflation stabilization, nominal anchor, exchange rate-based stabilization, stabilization, exchange rate, exchange rate anchor, exchange rate volatility, foreign exchange, Open Economy Macroeconomics,
Based on the observed behavior of monetary aggregates and exchange rates, we classify inflation-stabilization episodes into two categories: de facto exchange rate-based stabilizations (ERBS) and non-ERBS. Unlike th...