Credit Market Interest Rates and Exchange Rate Dynamics
作者： Christos Papazoglou , Pavlos Karadeloglou
DOI: 10.1002/(SICI)1099-1158(199701)2:1<73::AID-IJFE33>3.0.CO;2-6
关键词: Market microstructure 、 Macroeconomics 、 Security market line 、 Interest rate 、 Bond market 、 Economics 、 Market depth 、 Monetary economics 、 Exchange rate 、 Small open economy 、 Portfolio
摘要: This paper examines the effects of both anticipated and unanticipated monetary disturbances in a small open economy by taking into consideration adjustments banks' portfolio earning assets. It primarily focuses on adjustment credit market interest rates as well that exchange rate. In particular, it is shown sluggish loan anticipation future policy change can generate perverse short-run behaviour. © 1997 John Wiley & Sons, Ltd.
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