Riding the Wave

Monday, 2 June, 2008 - 19:54

Riding the Wave: Monetary Responses to Aid Surges in Low-income Countries proposes an appropriate mix of money and exchange rate targeting and defines the role of temporary sterilisation.

Riding the Wave: Monetary Responses to Aid Surges in Low-income Countries proposes an appropriate mix of money and exchange rate targeting and defines the role of temporary sterilisation. Authored by Adam,C, et al, this paper uses an inter-temporal optimising model that allows a portion of the aid to be devoted to reducing the government's seigniorage requirements.

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