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Capital Account Policies and the Real Exchange Rate / Olivier Jeanne.
- Format:
- Book
- Author/Creator:
- Jeanne, Olivier.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w18404.
- NBER working paper series no. w18404
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2012.
- Summary:
- This paper presents a simple model of how a small open economy can undervalue its real exchange rate using its capital account policies. The paper presents several properties of such policies, and proposes a rule of thumb to assess their welfare cost. The model is applied to an analysis of Chinese capital account policies.
- Notes:
- Print version record
- September 2012.
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