Financial crises, bailouts and monetary policy in open economies
I jointly study the optimal bailout policy and monetary policy in open economies that borrow in foreign currency from international lenders. A policy dilemma emerges during financial crises. Policymakers trade off the benefit of more bailouts alleviating firms’ financial constraints against the cost...
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| Format: | text |
| Language: | English |
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Institutional Knowledge at Singapore Management University
2024
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| Online Access: | https://ink.library.smu.edu.sg/soe_research/2774 https://ink.library.smu.edu.sg/context/soe_research/article/3773/viewcontent/FinCrises_Bailouts_MP_OE_av.pdf |
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| Institution: | Singapore Management University |
| Language: | English |