Series: IMF Working Papers
Author(s): Ilan Goldfajn , and Poonam Gupta
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 March 1999
Keywords: interest rates, tight monetary policy, real interest rate
This paper provides evidence on the relationship between monetary policy and the exchange rate in the aftermath of currency crises. It analyzes a large data set of currency crises in 80 countries for the period 198...