A Unifying Framework for Analysing Offsetting Capital Flows and Sterilisation.

This paper provides a unifying framework in which identified offset and sterilisation equations can be derived and estimated. The theoretical model suggests that, in the case where the central bank cares about bouth external and internal goals and capital is less than perfectly mobile, there will be some offsetting capital flows and the central bank will sterilise. Several results from the literature are encompassed as special case.

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Year of publication:	1997
Authors:	Brissimis, S.N. ; Gibson, H.D. ; Tsakalotos, E.
Institutions:	Athens University of Economics and Business (AUEB)
Subject:	CAPITAL MARKET \| ECONOMIC MODELS

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Series:	Athens University of Economics and Business.
Type of publication:	Book / Working Paper
Notes:	33 pages
Classification:	G10 - General Financial Markets. General ; E58 - Central Banks and Their Policies
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005671874