Leadership and cooperation in the Europian Monetary System: A simulation approach
作者： Nouriel Roubini
DOI: 10.1016/0161-8938(91)90001-F
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摘要: Abstract To assess the importance of economic interdependence and potential gains from policy coordination in European area, this article analyzes international transmission policies disturbances a rational expectation dynamic general equilibrium simulation model world economy, applies analysis to study Monetary System. International spillover effects appear be small under assumption flexible exchange rates area. The implications fixed-rate EMS with German leadership are compared those cooperative fixed rate regime. Finally, capital controls fail insure autonomy insulation external for countries that restrict movements.
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sci-hub.se 参考文章(21)
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