1 resultado para Dynamic control
em Academic Research Repository at Institute of Developing Economies
Filtro por publicador
- Aberdeen University (3)
- Abertay Research Collections - Abertay University’s repository (1)
- Academic Research Repository at Institute of Developing Economies (1)
- Acceda, el repositorio institucional de la Universidad de Las Palmas de Gran Canaria. España (1)
- AMS Tesi di Dottorato - Alm@DL - Università di Bologna (9)
- AMS Tesi di Laurea - Alm@DL - Università di Bologna (2)
- Archivo Digital para la Docencia y la Investigación - Repositorio Institucional de la Universidad del País Vasco (15)
- Aston University Research Archive (45)
- B-Digital - Universidade Fernando Pessoa - Portugal (1)
- Biblioteca Digital da Produção Intelectual da Universidade de São Paulo (17)
- Biblioteca Digital da Produção Intelectual da Universidade de São Paulo (BDPI/USP) (2)
- BORIS: Bern Open Repository and Information System - Berna - Suiça (20)
- Boston University Digital Common (3)
- Brock University, Canada (4)
- Bucknell University Digital Commons - Pensilvania - USA (3)
- Bulgarian Digital Mathematics Library at IMI-BAS (8)
- CaltechTHESIS (7)
- Cambridge University Engineering Department Publications Database (53)
- CentAUR: Central Archive University of Reading - UK (45)
- Chinese Academy of Sciences Institutional Repositories Grid Portal (26)
- Cochin University of Science & Technology (CUSAT), India (1)
- CORA - Cork Open Research Archive - University College Cork - Ireland (2)
- Corvinus Research Archive - The institutional repository for the Corvinus University of Budapest (2)
- Dalarna University College Electronic Archive (2)
- Deakin Research Online - Australia (53)
- Department of Computer Science E-Repository - King's College London, Strand, London (2)
- DI-fusion - The institutional repository of Université Libre de Bruxelles (1)
- Digital Commons - Michigan Tech (13)
- Digital Commons at Florida International University (11)
- Digital Peer Publishing (3)
- DigitalCommons@The Texas Medical Center (2)
- DigitalCommons@University of Nebraska - Lincoln (4)
- DRUM (Digital Repository at the University of Maryland) (3)
- Duke University (6)
- Greenwich Academic Literature Archive - UK (6)
- Helda - Digital Repository of University of Helsinki (1)
- Indian Institute of Science - Bangalore - Índia (80)
- Instituto Politécnico de Viseu (1)
- Instituto Politécnico do Porto, Portugal (5)
- Lume - Repositório Digital da Universidade Federal do Rio Grande do Sul (2)
- Massachusetts Institute of Technology (10)
- Memoria Académica - FaHCE, UNLP - Argentina (3)
- Memorial University Research Repository (3)
- Ministerio de Cultura, Spain (1)
- National Center for Biotechnology Information - NCBI (4)
- Nottingham eTheses (1)
- Publishing Network for Geoscientific & Environmental Data (1)
- QUB Research Portal - Research Directory and Institutional Repository for Queen's University Belfast (50)
- Queensland University of Technology - ePrints Archive (201)
- Repositório Alice (Acesso Livre à Informação Científica da Embrapa / Repository Open Access to Scientific Information from Embrapa) (1)
- Repositório Científico da Universidade de Évora - Portugal (1)
- Repositório Científico do Instituto Politécnico de Lisboa - Portugal (2)
- Repositorio de la Universidad de Cuenca (1)
- Repositório digital da Fundação Getúlio Vargas - FGV (1)
- Repositório Institucional da Universidade de Aveiro - Portugal (4)
- Repositorio Institucional de la Universidad de Málaga (1)
- Repositório Institucional UNESP - Universidade Estadual Paulista "Julio de Mesquita Filho" (64)
- RUN (Repositório da Universidade Nova de Lisboa) - FCT (Faculdade de Cienecias e Technologia), Universidade Nova de Lisboa (UNL), Portugal (1)
- SAPIENTIA - Universidade do Algarve - Portugal (10)
- SerWisS - Server für Wissenschaftliche Schriften der Fachhochschule Hannover (2)
- Universidad de Alicante (8)
- Universidad del Rosario, Colombia (3)
- Universidad Politécnica de Madrid (32)
- Universidade de Lisboa - Repositório Aberto (1)
- Universidade Federal do Rio Grande do Norte (UFRN) (3)
- Universidade Técnica de Lisboa (1)
- Universitat de Girona, Spain (9)
- Université de Montréal, Canada (4)
- University of Canberra Research Repository - Australia (1)
- University of Connecticut - USA (1)
- University of Michigan (5)
- University of Queensland eSpace - Australia (16)
- University of Washington (4)
Resumo:
This paper examines whether the IMF high interest rate policy was suitable for crisis-ridden East Asian economies. Using an "overshoot" model similar to that of Dornbusch's (1976), it shows that this sort of policy might cause an unnecessary deflationary adjusting process and have no effect on containing the real depreciation of exchange rates in the long run. The study also demonstrates that Thai economic data coincides quite well with the model presented here. Finally, it points out that the high interest policy itself might provoke high risk-premium, the existence of which, in turn, justifies the policy. This means that the policy has a self-fulfilling property. In conclusion, a "one-size-fits-all" adaptation of high interest rate policy in a currency crisis is very dangerous in general, and was inappropriate for East Asia. The desirable policy would have been to let currencies depreciate and keep interest rates stable.